Greece to Increase Minimum Wage by €50 a Month From April 1
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
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Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Sep 27, 2021
Bloomberg News
,(Bloomberg) -- Sunac China Holdings Ltd.’s shares and bonds surged after the Chinese developer denied submitting a request for policy support from a city government and said business is normal.
The Beijing-based builder said a letter written by a local executive for verbal communication with officials in eastern Shaoxing city last week was only a draft that was “accidentally” sent to a chat group outside the company. It wasn’t submitted to the government, Sunac said in a statement. The group’s operations are healthy, it added.
Sunac bonds reversed a two-day slump since last Friday, when the letter circulated in the market and sparked concerns about its liquidity. The letter stated that the company sought “special policy support” because operations in the city had become difficult, Bloomberg reported on Friday. The document also said Sunac as a whole had run into “big hurdles” regarding cash flow.
The developer’s shares surged as much as 20% in Hong Kong on Tuesday, reversing declines in the previous two days. Its 6.5% note due 2026 climbed 2.7 cents on the dollar to 83.9 cents, according to Bloomberg-compiled prices.
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