Year: 2020

(Bloomberg) — NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend $123.5 million buying five Lippo shopping malls in Indonesia.Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for $92 million while another three will be bought for $31.5 million from entities owned by PT Multipolar.The acquisitions represent “a milestone in NWP Retail’s rapid expansion,” CEO Timothy Daly said in an emailed statement Tuesday. “It will strengthen the company’s presence across key markets in tier 1 and tier 2 cities in Indonesia.”NWP Retail, a joint venture between Warburg …read more […]

American is talking to Boeing about compensation for grounded planes and canceled flights. …read more […]

(Bloomberg) — Gold jumped to the highest in almost four months after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East and spurring demand for haven assets.The strike in Baghdad ordered by President Donald Trump killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the Defense Department said. Iran’s supreme leader, Ayatollah Ali Khamenei, has vowed that “severe retaliation” awaits those who killed the commander.Bullion is already building on its stellar 2019 rally as the dollar weakens, and the return of geopolitical concerns to the foreground will further …read more […]

India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, a government source said on Friday. Lower buying by the world’s second biggest consumer of the precious metal could weigh on global prices that jumped 18% in 2019, but help New Delhi bring down the trade deficit and support the rupee. India imported 831 tonnes of gold in 2019, down from 944 tonnes a year ago, the source said, who is not authorised to …read more […]

(Bloomberg) — The tone in global financial markets has turned cautious after a U.S. airstrike killed a top Iranian commander, fueling concern over an escalation in tensions.U.S. stock futures dropped and Asian shares reversed gains, while oil spiked along with the yen and gold. Qassem Soleimani, a feared Iranian general who through proxy militias extended his country’s power across the Middle East, was killed at the direction of U.S. President Donald Trump. The risk-off move deepened after Iran’s supreme leader, Ayatollah Ali Khameini, said “severe retaliation” awaited Soleimani’s killers.The shock news comes after most asset classes had a stellar 2019, …read more […]

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that… …read more […]

The “Santa Claus rally” is set to come to Wall Street, but a pause may be on the horizon for the stock market in January. …read more […]

(Bloomberg) — U.S. stock-index futures fell after a U.S. airstrike near Baghdad international airport killed a top Iranian commander.S&P 500 Index futures contracts expiring in March retreated as much as 0.9% after the attack that killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force. Dow Jones Industrial Average contracts were down as much as 0.8%, while those on the Nasdaq 100 shed as much as 1%.Futures contracts on the Nikkei 225 Stock Average tumbled as much as 1.6% in Singapore as the yen strengthened against the dollar. In the cash market, the MSCI AC Asia Pacific …read more […]

Recent Mideast conflicts have moved markets and the economy …read more […]