Thailand's government has issued a flood warning for 11 central provinces, including Bangkok. This comes as a major dam along the Chao Phraya River is set to release water, raising concerns about potential flooding in the region. Residents are urged to stay alert and take necessary precautions.
Sun Hung Kai Properties Ltd., Hong Kong's largest property developer, successfully sold over 200 apartments in just one day. The surge in sales came after the company offered significant discounts on the units to attract buyers. This move highlights the ongoing challenges in the property market and the strategies developers are using to stimulate sales.
The Saudi stock market is facing challenges after a strong summer rally. The Riyadh bourse has experienced its worst start to the fourth quarter in years, largely due to rising regional tensions. Investors are concerned as uncertainty looms over the market.
New Zealand's government has announced a fast-track approvals bill that includes 149 projects aimed at boosting the economy. The focus is mainly on housing, infrastructure, resources, and agriculture. This initiative seeks to revive economic growth as the country faces slowing economic conditions.
The UK government has announced a lineup of prominent tech leaders, private equity executives, and banking heads for an upcoming summit. This move aims to boost inward investment as part of the Labour government's strategy to strengthen the economy.
US inflation likely moderated at the end of the third quarter, providing some reassurance to the Federal Reserve. As the Fed shifts its focus more toward protecting the labor market, this change in inflation trends could influence future policy decisions.
Investment banks are making a comeback in leveraged buyouts after facing significant writedowns on risky merger and acquisition loans due to rising global interest rates. This move signals their renewed confidence in one of the most profitable sectors in finance.
Italgas SpA has agreed to acquire rival 2i Rete Gas in a deal that will make it the largest gas distribution network operator in Europe. This significant move aims to strengthen Italgas' market position and expand its operations across the continent. The acquisition is expected to enhance efficiency and improve service delivery in the gas distribution sector.
Senegal plans to take immediate action to reduce its budget deficit following an audit that revealed a declining fiscal and debt situation. This move comes after Moody’s Ratings downgraded the country’s credit status, raising concerns about its economic stability.
Two Italian aerospace companies and seven individuals are under investigation for allegedly supplying non-compliant parts to Leonardo SpA for the Boeing 787 Dreamliner. This information comes from Italian prosecutors, as reported by the Ansa newswire on Saturday.
