(Bloomberg) — South Korea will cut its foreign exchange stabilization fund by more than 30 percent next year, a record amount that the government says is still enough to defend the won. The move came after the South Korean currency fell 3.7 percent against the U.S. dollar over the year to the end of August, […]
(Bloomberg) — Kroger Co. is tapping the U.S. investment-grade market on Tuesday to finance its acquisition of grocer Albertsons Co. in what could be one of the biggest corporate bond deals of the year. The supermarket chain plans to sell the debt in up to seven parts, according to a person familiar with the matter. […]
(Bloomberg) — Israeli Prime Minister Benjamin Netanyahu sought to shift responsibility for a ceasefire and hostage-taking agreement onto Hamas on Sunday as the top U.S. diplomat arrived in Tel Aviv to push for a deal. “We are in negotiations, not a scenario where we just give and give,” Netanyahu said on Sunday at the start […]
(Bloomberg) — Strong results from the largest retailer and a robust monthly sales report have gone a long way to easing concerns about the health of American consumers. But a number of Wall Street analysts want more evidence and are raising the stakes for next week’s earnings reports from Target Corp., Macy’s Inc. and TJ […]
(Bloomberg) — Global consumption of liquefied natural gas is expected to continue rising as more countries switch to imports for the first time, said Peter Van Driel, chief financial officer of Adnoc Gas. To tap into some of these new consumers, parent company Abu Dhabi National Oil Co. is currently building a new plant in […]
(Bloomberg) — Central Group has sharply reduced the rent it pays to Signa Prime Selection AG for two German department stores, people familiar with the matter say. The move highlights the extent to which Signa has relied on rental terms to drive up property prices — and how much those prices have changed since the […]
