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May 07 2024
News
Kits running low as deadline approaches for New England Mosaic submissions
For those who want to contribute to the Agawam Community Artists and Artisans’ New England Mosaic, the May 15 deadline is approaching and supplies are dwindling. Normally, said ACAA President Ceil Rossi, members of the nonprofit go to libraries in Springfield, Agawam, West Springfield, Southwick and Westfield with a box of 10 to 15 blank canvases, known as “tiles,” 6 by 6 inches each. They
MassLive.com
May 09 2024
News
Shore Club Chicago to open on North Avenue Beach next week
CHICAGO — An upscale beach club restaurant is opening next week on North Avenue Beach. Shore Club Chicago, located at 1603 N DuSable Lake Shore Dr, announced Thursday its grand opening on May 18. According to a press release, the beachside restaurant, with floor-to-ceiling windows in an open-air space, will offer a dining experience that includes a blend of cuisines from beaches around the
WGN
May 20 2024
News
Bond Buyers Get Paid Least in Years for EM Corporate Bond Risk
Investors are getting the least compensation in six years for leaving the safety of US Treasuries and taking on the risk of emerging-market corporate bonds.
A Bloomberg index of dollar-denominated EM company debt has rallied since October, reaching the highest level since February 2022. That’s sent its yield premium over Treasuries down to 216 basis points, less than half of the spread
Bloomberg
May 17 2024
News
Zimbabwe Says 1,300 White Farmers Who Lost Land Seek Payouts
About 1,300 White Zimbabwean commercial farmers, whose land was seized in the early 2000s, have signed up to receive compensation and those who qualify will be paid in 10-year treasury bills, a government official said. “We now have to go through the process of vetting them and confirming the amounts that they are owed,” Andrew Bvumbe, head of debt management in the Ministry of Finance, said
Bloomberg
May 15 2024
News
US Retail Sales Stall After Downward Revisions in Prior Months
US retail sales stagnated in April after downwardly revised gains in the prior two months, indicating high borrowing costs and mounting debt are encouraging greater prudence among shoppers.
The value of retail purchases, unadjusted for inflation, were little changed from a month earlier after a revised 0.6% March increase, Commerce Department data showed Wednesday. Much of the spending
Bloomberg
May 13 2024
News
Masterful Design with Panoramic Views in the Bird Streets
Set behind mature landscaping with completely private gates, reclaimed and masterfully designed from a 100-year-old barn, the residence also features almost 500 feet of frontage on over a full acre of land, unheard of in the Bird Streets neighborhood. Once inside the estate, a striking front entry foyer with custom lighting installation by Italian master, Vesta, illuminates the space. Soaring
Los Angeles Times
May 15 2024
News
Red Lobster Creditors to Weigh Bid for Assets in Chapter 11
A group of lenders to Red Lobster Management LLC is considering bidding for assets through a potential Chapter 11 sale process and seizing control of the seafood restaurant chain, according to people familiar with the matter.
One possibility would be in the form of a credit bid, which allows lenders to use debt they’re owed toward an asset purchase, said the people, who asked not to be
Bloomberg
Apr 30 2024
News
China developer Jinke has prepared initial plan for court-led restructure
HONG KONG, April 30 (Reuters) - Developer Jinke Property Group (000656.SZ) has prepared a preliminary plan to restructure debt, it told investors on Tuesday, after becoming the first Chinese-listed developer accepted for re-organisation by a domestic court last week. The company, based in southwestern Chongqing, is among many developers defaulting on debt since the sector slipped into crisis
Reuters
May 14 2024
News
Goldman’s Waldron Says US Borrowing Sparks Worry of ‘Unsustainable Pace’
Goldman Sachs Group Inc. President John Waldron said the US government should not be lulled into thinking that there’s insatiable appetite for its debt.
“There’s no evidence we cannot just keep going, but those of us who have been watching this for a long time are worried this is an unsustainable pace,” Waldron said in a Bloomberg Television interview. “We need to show more discipline
Bloomberg
May 19 2024
News
Western Asset Betting BOJ Policy Shift to Boost Ultra-Long Bonds
Western Asset Management Co. is betting that 30-year Japanese government bond yields won’t rise as much as shorter maturities as the Bank of Japan is less likely to cut holdings of ultra long-term debt. Demand from life insurance companies and other institutions for super-long bonds should also keep yields from rising too much, Hiroyuki Kimura , head of investment management for Japan, said in
Bloomberg