New World Plans $1.9 Billion Debt Swap With Creditor Haircuts
New World Development Co. plans to issue up to $1.9 billion of new debt in an exchange offer…
China’s Massive Simandou Iron Mine in Africa Threatens to Upend Iron Ore Market
In April 1998, a young geologist and his team set out from the village of Moribadou and trekked…
China Factory Activity Disappoints in Sign of Faltering Momentum
China’s manufacturing activity expanded less than forecast in October, a private survey showed, adding to worrying signs about…
Live updates: Wall Street driven higher by Amazon surge, ASX flat ahead of RBA decision, Westpac posts $7bn profit sells RAMS business
It’s becoming a very familiar refrain but here we go, once more with feeling —Wall Street’s three key…
Troubled Nations Mount Comeback to Debt Markets Amid Yield Hunt
Some of the world’s riskiest sovereign borrowers are returning to international debt markets, taking advantage of increasing appetite…
OPEC+ to Agree Small Output Hike for December, Delegates Say
OPEC+ members are set to approve another small output hike for December when they meet online on Sunday,…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…
Strong prices, good conditions encourage Queensland farmers to trial canola
Comparatively strong prices and new heat tolerant varieties have encouraged Queensland farmers to expand into growing canola. The…
China manufacturing slump deepens to 6-month low in October, as PMI misses estimates
Chinese-made automobiles and construction machinery are assembled and shipped for export at Yantai Port in Yantai City, Shandong…
ECB Holds Rates With Inflation Near 2% and Economy Expanding
The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the…
Canada Pension to Boost India Investments After Portfolio Surges to $22 Billion
Canada’s largest pension fund will further boost its investments in India, where it has tripled assets under management…
Asia markets open mixed as Fed signals December rate cut is not a certainty
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg…