Article content (Bloomberg) — UK wage growth slowed and vacancies continued to fall, further signs that the labor market is easing as the British economy flirts with recession. Average earnings excluding bonuses rose 7.7% in the three months through September, compared with a revised 7.9% in the period through August, the Office for National Statistics […]
Article content (Bloomberg) — Pension giant AustralianSuper turned down a new approach to join a Brookfield Asset Management and EIG Global Energy Partners-led A$19.4 billion ($12.3 billion) takeover of utility Origin Energy Ltd. The country’s largest pension fund, which is Origin’s biggest investor with 15.3% of shares, “rejected an 11th hour and unsolicited letter” from […]
Breadcrumb Trail Links PMN Business Fundraising has dropped, sector is underperforming the broader market Author of the article: Bloomberg News Justina Lee Published Nov 13, 2023 • 4 minute read Join the conversation ok6uc75n9uoh80{j[bkumw]0_media_dl_1.png Source: Association of Investmen Article content (Bloomberg) — In 1868, a British lawyer set up the first investment trust to pool […]
Article content (Bloomberg) — Every winter for at least a decade now, New Delhi has been bracing for extreme air pollution that harms the health of its population, particularly children and the elderly. When temperatures drop and wind speed declines, toxic particles from car tailpipes, industrial chimneys, and construction sites remain trapped over India’s capital […]
Breadcrumb Trail Links PMN Business Credit managers are nervously awaiting data this coming week that will show whether a Japanese pullback from US corporate bonds in August was a blip or the beginning of a trend. Author of the article: Bloomberg News Neil Callanan and Lisa Lee Published Nov 11, 2023 • 5 minute read […]
Article content (Bloomberg) — This week, US creditworthiness took another knock, the world’s largest bank met the world’s most prolific cyber extortion group, crypto soared and Hollywood found a way back to the studios. Here’s a roundup of weekend reading. South Korea’s surprise decision last weekend to ban short selling isn’t deterring investors, who are snapping up the […]
Breadcrumb Trail Links PMN Business Herbert Wigwe, co-founder of Nigeria’s biggest bank by assets, is investing in a new $500 million university to help build skills needed for the finance and technology industries in Africa’s most-populous nation. Author of the article: Bloomberg News Emele Onu and Anthony Osae-Brown Published Nov 11, 2023 • 2 minute […]
Article content (Bloomberg) — Fikile Mbalula, the secretary general of South Africa’s ruling African National Congress, reiterated a discredited claim that an $8.8 billion climate finance pact is responsible for the recurrent power outages in the country. Mbalula, speaking at a debate between political party leaders in Johannesburg on Thursday, said the closure of coal-fired […]
Article content (Bloomberg) — Voters approved a $1.4 billion bond sale to refurbish and expand the aging, overcrowded school system in Midland, Texas, the unofficial shale-oil capital of the US, preliminary results show. The school spending package — the largest ever in the district’s history — was approved by a 56%-to-44% margin Tuesday, according to […]
Article content (Bloomberg) — MTN Group Ltd. pushed its network availability to 95% in its home-market South Africa, as it invested billions of rand to upgrade sites with batteries, generators, renewable energy and enhanced security to overcome power cuts in the country. Africa’s biggest wireless carrier by customers said on Tuesday it invested 10.6 billion […]