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NWS Holdings Limited (HKG:659), which is in the industrials business, and is based in Hong Kong, received a lot of......
The opening at Haneda Airport, which is closer to central Tokyo than Narita airport, comes as Virgin Australia's new CEO Paul Scurrah looks to rejig the loss-making airline's route network to better compete against deep-pocketed rival Qantas. Haneda Airport has a limited number of slots and pinned the two Australian carriers up against each other for the lucrative opportunity....
It’s a choppy start to the day, with Ethereum seeing deep red, while Stellar’s Lumen holds onto early gains....
(Bloomberg Opinion) -- WeWork’s valuation keeps sliding. SoftBank Group Corp., its largest outside investor, is now targeting $8 billion through a rescue package it’s putting together, according to Bloomberg News. But Masayoshi Son ought to be careful. While the deal may set a floor under WeWork, it could also diminish his standing along with SoftBank and its $100 billion Vision Fund.Mere months ago, WeWork was seeking an IPO at a $47 billion valuation, now withdrawn amid whispers that the real value should be closer to $15 billion. SoftBank’s new plan goes even further and represents an 83% haircut that means serious pain for The We Co., founder Adam Neumann, and other shareholders including venture-capital investors and employees.If SoftBank pulls it off, the move would cement Son’s reputation as a feared dealmaker, one that earned him the nickname Big Stack Bully. That’s because SoftBank would be a huge beneficiary of such a massive down round while everyone else could be clear losers.The Vision Fund(1) paid top dollar when it built its stake of around 29%...
(Bloomberg) -- Almost two weeks after California utilities cut electricity to 2.3 million people, two major power providers warned they may have to halt supplies to thousands across California as strong, dry winds raise the wildfire threat across the state.No major outages have occurred yet, but Edison International’s southern California unit has warned as many as 41,000 customers could lose power due to a wind storm forecast to last through Monday. Meanwhile, PG&E Corp., which serves northern and central California, said it’s also considering shutting power for safety reasons across portions of 17 counties with extreme weather forecast for Wednesday and Thursday.“With the combination of dry air, gusty winds and dry soil conditions, we are going to see these fire conditions remain elevated going into early next week,” Andrew Orrison, a forecaster with the U.S. Weather Prediction Center in College Park, Maryland, said by telephone.Almost two weeks ago, PG&E Corp. blacked...
Oct.21 -- Joanne Lim, algorithmic and portfolio trader at Bernstein, discusses China’s Loan Prime Rate, markets and her outlook for the property sector. She speaks on “Bloomberg Markets: China Open.”...
Today we are going to look at Infotel SA (EPA:INF) to see whether it might be an attractive investment prospect. In......
