Mar 28, 2023

Adani Stocks Drop on Report Group Seeks More Time to Repay Loans BP and Adnoc Form Gas Venture and Make $2 Billion NewMed Offer PE Firm Said to Pick Deutsche Bank for Indonesia Hospitals Sale EU Reaches Deal to Roll Out Car Charging Points Across Bloc Ukraine Latest: Kyiv Hits Shahed Drones; EU Focus on Russian LNG Israel Latest: Protests Overnight, President Urges Talks Banks Fail, Recession Odds Jump, and S&P Won’t Budge Off 4,000 Oil Holds Surge as Supply Disruption Adds to Market Optimism War and Secretive Spending Is Eating Away at Russia’s Budget Germany, Netherlands to Decide on Tennet Sale This Summer French Budget Deficit Declines More Than Expected in 2022 Asian Stocks Set to Gain as Bank-Sector Fears Ease: Markets Wrap India Opposition Unites in Demanding Rahul Gandhi’s Return as MP China Anti-Graft Agency to Inspect Major State-Owned Companies Australian Banks Are in Talks With Borrowers on Home-Loan Relief Japan Banks Have Little Risk of AT1 Bonds Wipeout, Suzuki Says Markets Are Wrong on US Rate-Cut Bets, BlackRock Says FDIC Grants First Citizens Rare $70 Billion Credit Line for SVB EU Aims to Give Members Option to Block Russian LNG Imports Is your retirement portfolio ready for what's to come? Women more likely to bag $100,000 jobs despite fewer applications Quitting your job? Experts say it's best to have a plan before you do Household debt-to-income ratio edges lower as interest payments expand Canadians making fewer trips to the grocery store as inflation pinches: RBC report With airfares rising, here's how to find a travel deal this year Young Canadians keep up pandemic-inspired DIY projects to save money Here are the most risky types of scams in Canada: Report Review your rights before signing paperwork during a layoff: Employment lawyers More than half of Canadians say current economic conditions have impacted retirement plans: Survey Majority of Canadians feel like they're being targeted more than ever by financial fraud: Survey 'Don't be afraid to ask': Tips for young workers in salary negotiations Canadians want to retire by 61, amid financial concerns: CIBC poll Tax credits and deductions for Canadians to consider 5 RRSP season resolutions for a comfortable retirement: Dale Jackson Getting divorced? Here are the top tax considerations to take into account RRSP myths prevail as Canadians rush to contribution deadline: Dale Jackson Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone MPs summon big grocery store CEOs to testify in Ottawa over food inflation Australian Banks Are in Talks With Borrowers on Home-Loan Relief China’s New Premier Rolls Out Red Carpet to Foreign Executives Australian Retail Sales Decelerate as Rate Hikes Crimp Spending JPMorgan’s Kolanovic Says Stay Defensive as Banking Woes Persist What Broke Sweden? Real Estate Bust Exposes Big Divide Billionaire Family Expands First Citizens by Scooping Up Failed Banks The Best Restaurants in the UK and Ireland, According to Michelin Is Coffee Bringing People Back to the Office? All-Electric Building Draws Energy From 500 Feet Below the Surface of the Earth Deutsche Bank Bounces as Analysts Reassure on Financial Health European Real Estate Stocks Could Fall by 50%, Citi Says Deutsche Bank London HQ Sold for £257 Million to Malaysian Firm Swedish Mortgage Lending Falls for First Time as Rates Rise Lloyds Races to Sell Chinese Tycoon’s Canary Wharf Office Loan South Korean Construction Deals Fall by Record Amid Slowdown China’s Economic Recovery Faces Risks From Global Trade Slump China’s Rattled Developers Turn to Business They Once Disdained Build UK Homes in Factories to Beat Labor Shortage, Lobby Group Says Singapore Price Pressures Top Hong Kong With Quicker Reopening ‘Ghost Trains’ Plague South Africa’s Beleaguered Logistics Firm Adani Stocks Drop on Report Group Seeks More Time to Repay Loans BP and Adnoc Form Gas Venture and Make $2 Billion NewMed Offer PE Firm Said to Pick Deutsche Bank for Indonesia Hospitals Sale EU Reaches Deal to Roll Out Car Charging Points Across Bloc Ukraine Latest: Kyiv Hits Shahed Drones; EU Focus on Russian LNG Diageo’s Debra Crew to Take Over as CEO in July Ocado Shoppers Buying Less Under Pressure from Rising Costs Banks Fail, Recession Odds Jump, and S&P Won’t Budge Off 4,000 Germany, Netherlands to Decide on Tennet Sale This Summer Asian Stocks Set to Gain as Bank-Sector Fears Ease: Markets Wrap China Anti-Graft Agency to Inspect Major State-Owned Companies Australian Banks Are in Talks With Borrowers on Home-Loan Relief Japan Banks Have Little Risk of AT1 Bonds Wipeout, Suzuki Says Markets Are Wrong on US Rate-Cut Bets, BlackRock Says FDIC Grants First Citizens Rare $70 Billion Credit Line for SVB EU Aims to Give Members Option to Block Russian LNG Imports France Faces New Pension Strikes as Concerns Over Violence Mount Apollo-Backed Sofinnova Launches Digital Medicine Venture Fund Adani Stocks Drop on Report Group Seeks More Time to Repay Loans BP and Adnoc Form Gas Venture and Make $2 Billion NewMed Offer EU Reaches Deal to Roll Out Car Charging Points Across Bloc Ukraine Latest: Kyiv Hits Shahed Drones; EU Focus on Russian LNG Oil Holds Surge as Supply Disruption Adds to Market Optimism War and Secretive Spending Is Eating Away at Russia’s Budget Germany, Netherlands to Decide on Tennet Sale This Summer EU Aims to Give Members Option to Block Russian LNG Imports France Faces New Pension Strikes as Concerns Over Violence Mount Brookfield Favors Wind in $13 Billion Australian Renewables Plan US, Japan Strike Deal on Supply of Minerals for EV Batteries Lithium Giant Albemarle Spurned in $3.7 Billion Liontown Bid Oil’s Swoon Prompts Rush by Top Users to Protect Against Rebound Merdeka Battery Plans Indonesia’s 2nd-Largest 2023 IPO Energy Firms, Heavy Industry to Get Billions in Trudeau Budget Binance CEO CZ, Crypto’s Most Powerful Man, Has More Than ‘FUD’ to Worry Him Now Binance Isn’t FTX. It’s Much Bigger and More Systemically Important to Crypto PG&E Pledges $18 Billion to Cut Wildfire Risk in California Packed Planes Are Eroding Jet Fuel Demand in Bearish Oil Signal These are the three things you should expect in the federal Liberals' upcoming budget As economy faces potential recession, Liberals to release 'tricky' budget Tuesday Lettuce prices likely to rise again amid California flooding, experts say Canada Infrastructure Bank invests $277M in Que. biofuels facility The Daily Chase: Markets point to green open; Former BoC Governor warns of economic uncertainty Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up TSX recap: Index finishes 0.21% higher amid volatility Biden's Canada agenda stacked: NORAD, migration deals likely U.S. lenders plagued by 'irrational' liquidity crunch: Rosenberg Statistics Canada says retail sales up 1.4 per cent in January The Daily Chase: Markets point to negative open; U.S. President Biden visits Canada Restaurants and bars brace for biggest alcohol tax jump in 40 years Ontario expects $1.3B deficit, to post surplus in a year CRTC looking into wireless roaming fee hikes as industry minister signals concern How will the Bank of Canada weigh the U.S. Fed rate decision? Central banks look to restore confidence in banking system: Experts The Daily Chase: Markets point to a positive open; Bombardier forecasts increased 2025 revenue Lack of a year-round strategy weighs on Canadian tax returns: Study TSX recap: Index finishes 0.62% lower amid U.S. Fed rate hike Germany, Netherlands to Decide on Tennet Sale This Summer French Budget Deficit Declines More Than Expected in 2022 France Faces New Pension Strikes as Concerns Over Violence Mount New Zealand Open to Non-Nuclear Talks With Aukus, Minister Says EU Delays Disbursement of €19 Billion of Pandemic Aid to Italy Energy Firms, Heavy Industry to Get Billions in Trudeau Budget Kim Jong Un Threatens Nuclear Use Anytime as US Carrier Arrives FBI Releases Files on Ivana Trump China Takes Its Climate Fight to the Rooftops Ukraine Latest: Hungary to Vote on Finland’s Bid to Join NATO California Lawmakers Pass Bill to Limit Oil Company Profits North Korean Defectors Are Dying Lonely Deaths in Wealthy South Antigua Plans to Sell Russian Tycoon’s ‘Abandoned’ Super Yacht Senate Republicans Try a New Tactic to Overturn Biden’s Student Loan Plan Fox News Fires Producer Who Said Dominion Testimony Was Coerced Israel’s Netanyahu Pauses Legal Overhaul Push After Protests Four Out of Five Republicans Think Trump Probes Are ‘Witch Hunt’ Botswana to Take Stake in HB, Challenging De Beers’ Dominance German Coalition Still Locked in Talks After All-Night Wrangling Ocado Shoppers Buying Less Under Pressure from Rising Costs Apollo-Backed Sofinnova Launches Digital Medicine Venture Fund Regulator Tells Australian Banks to Boost Cyberattack Defenses US, Japan Strike Deal on Supply of Minerals for EV Batteries What We Learned from China's Tech Earnings, From Alibaba to Tencent Merdeka Battery Plans Indonesia’s 2nd-Largest 2023 IPO HK Regulators to Host Meeting to Help Crypto Firms With Banking Twitter’s ‘For You’ Feed Won’t Recommend Unverified Accounts Google Asks Judge to Dismiss DOJ’s Digital Ad Antitrust Case Binance CEO CZ, Crypto’s Most Powerful Man, Has More Than ‘FUD’ to Worry Him Now Japanese Telecom Carrier KDDI Joins Oasys Gaming Blockchain Binance Isn’t FTX. It’s Much Bigger and More Systemically Important to Crypto BOE Governor Says Bank Runs Quicker in the Age of Social Media China Takes Its Climate Fight to the Rooftops US Spy Agency Cyber Chief Warns TikTok Is China’s ‘Trojan Horse’ Binance and Its CEO Sued by CFTC Over US Regulatory Violations What Broke Sweden? Real Estate Bust Exposes Big Divide Mastercard, Visa Are Among Firms in Talks to Buy Fintech Pismo Branson Swaps Risk for Reserve in Virgin Orbit’s Costly Flameout The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Crypto Industry Defies Strife as ETP Debuts Pick Up, Flows Rise Vanguard Plans to Open Manchester Office in European Expansion Credit Suisse’s Infamous ETN Misadventure May Be Limping to End Short Sellers Step Up Bets Against Office Owners on Bank Turmoil Cathie Wood Buys Block Shares During Hindenburg-Fueled Plunge Cathie Wood Suffers Double Blow as Drama Hits Coinbase and Block Differing Powell and Yellen Messages Were a Lot for the Stock Market to Digest Ark’s Cathie Wood Sees Silver Lining in $2 Billion Loss Vanguard Plans to Shutter Business in China, Exit Ant JV European Banks Set to Fall After UBS Agrees to Buy Credit Suisse Bond Market Set for More Tumult With Fed’s Next Move in Limbo First Republic Shares Resume Slide as Investors Assess Aid World’s Biggest ETF Adds $7.3 Billion in Day After Bank Rescues First Republic Sinks as Bank Said to Explore Strategic Options Oil ETF Raked in Most Cash Since 2020 as Crude Prices Buckled First Republic Goes From Wall Street Raider to Seller in Days Crypto ETP-Provider 21Shares to Shutter Funds as Demand Fades Is There a Midsize Bank Hiding in Your ETF? Crisis Narrative Forcing Out All Others in Bank-Obsessed Markets BCE CEO says tech hiring & donations continue despite tough economy Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO Manulife CEO on diversification, insurance demand and digital transformation Decision on new Suncor CEO expected 'very soon' Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Reed Hastings explains why he's stepping down as Netflix CEO in blog post Bankman-Fried says in court that he's ready for U.S. extradition SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan Disney's Iger returns to reckon with his own 15-year Legacy Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Elffie Chew and Manuel Baigorri, Bloomberg News A Deutsche Bank AG bank branch near the Berliner Fernsehturm TV tower in Berlin, Germany, on Monday, March 27, 2023. Deutsche Bank AG shares rebounded and the cost of insuring its debt against default eased on Monday after sell-side analysts sought to reassure that the German lender’s financial health was sound. Photographer: Krisztian Bocsi/Bloomberg , Bloomberg (Bloomberg) -- Private equity firm Falcon House Partners chose Deustche Bank AG to work on the sale of a majority stake in an Indonesian health-care group, according to people with knowledge of the matter. The buyout firm has started a process to gauge interest in the Brawijaya Hospital & Clinic stake, the people said. A deal could value the hospital at about $150 million to $200 million and has attracted interest from financial firms as well as other companies in the industry, said the people, who asked not to be identified as the process is private. Deliberations are ongoing and Falcon House could decide not to proceed with the planned disposal, the people said. A representative for Deutsche Bank declined to comment, while representatives for Brawijaya Hospital and Falcon House didn’t immediately respond to requests for comment. Brawijaya Hospital was founded in 2006 as Brawijaya Women & Children Hospital, its website shows. It offers services including oncology, surgery, children’s health and dentistry through a network of five hospitals and two clinics in Indonesia. Launched in 2011, Singapore-based Falcon House focuses on investments in mid-market companies, typically with enterprise values ranging from $50 million to $150 million, according to its website. The buyout firm targets assets in sectors including the food and beverage, retail, education, logistics and distribution and financial services. --With assistance from Fathiya Dahrul. ©2023 Bloomberg L.P.