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 […]
Article content LUCKNOW, India (AP) — Rescuers were digging through dirt and parts of a collapsed road tunnel Monday to reach 40 workers trapped by a landslide at the construction project in northern India. All of the construction workers are safe, police officer Prashant Kumar said, adding that they have been supplied with oxygen and […]
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 […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Michael R. Sisak Published Nov 13, 2023 • 3 minute read Join the conversation Article content NEW YORK (AP) — Foiled in their longshot bid for an early verdict, Donald Trump’s lawyers will start calling witnesses of their own Monday in the New […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Paul Wiseman Published Nov 12, 2023 • 6 minute read Join the conversation Article content WASHINGTON (AP) — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world’s goods and services. So when […]
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 HONG KONG (AP) — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday’s annual Singles’ Day online retail extravaganza. Singles Day, also known as “Double 11,” was popularized by e-commerce giant Alibaba. In the days leading up to the event, sellers on Alibaba […]