For the first time since the Great Recession, highly-rated bonds backed by commercial real estate loans are beginning to see losses.
Tag: Economy
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SPOTLIGHT: BIGS GETTING BIGGER
American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
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TOP TREND 2024, EV GO FU: STRONG HYBRID SALES HELP ASIAN CARMAKERS SHIFT TO EVs
Thanks to a weak yen and strong U.S. demand for gas-electric hybrid cars, Honda and Toyota reported 2023 as their most profitable year yet.
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SPOTLIGHT: LUXURY INDUSTRY IN TRANSITION
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.
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SPOTLIGHT: BIGS GETTING BIGGER
Takeover specialist KKR will pay Au$2.18 billion, about $1.44 billion in U.S. currency, to buy the corporate trust and wealth management divisions of Perpetual, an Australian financial management firm.
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SPECIAL REPORT: CHINA RECONFIGURES THE GLOBAL AUTOMOBILE BUSINESS
China has become not only a vital market for most of the world’s major automakers, but its cars are among the world’s most technologically advanced.
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SPECIAL REPORT: CHINA TRADE WAR 2.0
U.S. president Joe Biden has slapped additional tariffs on some Chinese products entering the country and added new levies on others.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
On 17 May, China will open the sale of a trillion yuan worth of bonds—about $138 billion—to help it stand its economy back up after almost three years of weakness and turmoil.
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SILVER PRICE JUMPS WITH SOLAR PANEL BOOM
In 2023, solar panel production more than doubled and has continued rising this year, surging the demand—and, therefore, the price—for silver.