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Banking and FinanceCEO Insider

CK Hutchison Plans to Raise $1.5 Billion in Two-Tranche US Dollar Bond Deal

Hong Kong-based conglomerate CK Hutchison is preparing to raise up to $1.5 billion through a two-part US dollar bond issuance, according to sources familiar with the matter. The company is targeting 5.5-year and 10-year bonds, as outlined in a term sheet shared on Tuesday, September 10. Initial pricing guidance for...
Banking and FinanceSpecial Reports

Australia’s Economy Outperforms Expectations in June Quarter, Despite Per Capita Decline, ABS Reports

Australia's economy grew better than expected in the June quarter, driven by increased government spending, although per capita activity shrank for a record sixth consecutive quarter. The Australian Bureau of Statistics (ABS) reported a 1% growth in gross domestic product (GDP) compared to the same period in 2023, exceeding the...
Special ReportsStats Gate

Global Unemployment on the Rise Across 6 Wealthy Countries as Central Banks Respond with Rate Cuts

Over the past six months, unemployment rates have been on the rise across several advanced economies, including the United States, the United Kingdom, Canada, Germany, Australia, and Switzerland, according to Fitch Ratings' latest '20/20 Vision' report. Although unemployment remains low by historical standards, the easing of labor market conditions is...
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