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Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.
The East London financial district is struggling to retain some major occupiers but its not all doom and gloom.
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.
Sep 9, 2020
, Bloomberg News
(Bloomberg) -- Barclays Plc is interested in taking office space at Hudson Yards, looking west to replace their U.S. headquarters in Times Square, according to people with knowledge the matter.
The London-based bank is seeking roughly 500,000 square feet of space (46,450 square meters), the people said.
Barclays current U.S. headquarters is at the former Lehman Brothers building in Times Square. Barclays acquired the property as part of a deal to buy part of the investment bank’s U.S. operations in 2008.
A spokesman for Barclays declined to comment.
Office leasing in New York has slumped this year, battered by a pandemic that has kept many corporate workers at home. But there are signs that companies are betting on a return to Manhattan. Facebook Inc. announced a lease in August for the entire office space at the Farley Building, a former post office near Pennsylvania Station.
©2020 Bloomberg L.P.
