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Bad Loans Threaten Argentina’s Next Engine of Economic Growth

Bad loans keep piling up in Argentina, dashing hopes that the economic pain unleashed by President Javier Milei’s harsh austerity program had already crested.

1 hour ago

EasyJet Shares Slump After Report on EU Ownership Rules Review

EasyJet Plc shares fell the most in four years on Wednesday after Reuters reported that the European Union is preparing to review airline ownership rules that it said might affect takeover bids for the low-cost carrier by two US investment firms.

2 hours ago

Vale Elects Ollie Chairman After Weeks of Governance Turmoil

Vale SA shareholders elected Manuel Lino Silva de Sousa Oliveira as chairman on Wednesday, concluding weeks of boardroom turmoil sparked by an effort from one of the Brazilian mining giant’s largest investors to reshape the company’s leadership.

2 hours ago

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US 30-Year Yield Raises Alarm in Longest Run Above 5% Since 2007

The US 30-year bond yield is trading above 5 for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation.

3 hours ago

LA School District Downgraded by Moody’s as Enrollment Shrinks

Los Angeles Unified School District’s credit grade was cut one level by Moody’s Ratings on Tuesday, as declining enrollment and growing costs pressure its finances.

3 hours ago

S&P 500 Fluctuates as Traders Brace for Alphabet, Tesla Results

US stocks swung between small gains and losses after chipmakers came off session lows and oil prices jumped on the escalation of the US-Iran war. Traders are also bracing for key earnings from Alphabet Inc., Tesla Inc. and International Business Machines Corp. due later in the afternoon.

4 hours ago

NovaGold to Buy Billionaire Paulson’s Stake in Alaska Gold Mine

NovaGold Resources Inc. agreed to acquire billionaire investor John Paulson’s 40 stake in the Donlin Gold project in Alaska, giving the company full ownership of a giant undeveloped bullion mine.

4 hours ago

Hormuz and Heat Trigger an Asian Scramble for LNG

Some countries are finding themselves forced to buy the most expensive fuel shipments in years.

5 hours ago

Nigeria Gasoline Imports Triple as Dangote Refinery Exports to Earn Dollars

Nigeria’s gasoline imports more than tripled last month as the country’s main refinery cut domestic supply and increasingly directed output toward export markets to maximize foreign-currency earnings.

5 hours ago

After Nabbing 1,187 Senior-Home Suites, Prima Eyes Its Next Move

Canadian senior housing operator Prima Living plans to keep expanding through acquisitions and is open to tapping public markets after buying nine retirement communities from Chartwell Retirement Residences for C118 million (83.7 million).

5 hours ago
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