Municipal bonds tied to Destiny USA, the biggest shopping mall in New York state, were cut deeper into junk by Moody’s Investors Service on Wednesday because the complex is unlikely to meet a key measure of profitability needed to extend an outstanding loan.
Glencore Plc said it will only keep funding its struggling Koniambo Nickel mine until February, as the commodity behemoth loses patience with a project that’s failed to make money for years.
After his ‘disruptor’ S4 Capital hit record lows, the vaunted adman plans for a ‘year of efficiency’
A £75 billion ($91 billion) stock market for emerging UK companies risks losing some of its appeal for investors should the government alter or scrap inheritance tax.
The Kenyan shilling’s sharp slide against the dollar follows years of policy missteps at the central bank, according to Treasury Secretary Njuguna Ndung’u.
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