• Blackstone defaults on CMBS with $562 million property coverage in Scandinavia – Bloomberg News

    March 2 (Reuters) – Blackstone Inc (BX.N) has defaulted on a EUR 531 million ($562.5 million) bond backed by a portfolio of offices and retail owned by Finnish company Sponda Oy, reported Bloomberg News, as rising interest rates hit European property values. The asset management giant and prolific real estate investor sought a reprieve from […]

  • Exclusive: JPMorgan proposes new Asian credit index with a lower weighting for China

    HONG KONG, Feb. 27 (Reuters) – JPMorgan (JPM.N) is proposing a new Asia credit index with a reduced China weighting in parallel with its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and declining appetite for Chinese property bonds. For the new index, JPMorgan has proposed reducing the weighting of […]

  • What DailyMail.com readers REALLY think

    Americans are taking a stand on out-of-control tipping “etiquette,” while hard-up workers are finally tired of paying extra for everyday items. Despite tipping having a long history in the country, rampant inflation and the expectation to tip for just a cup of coffee being poured has people wondering if it’s time to change unspoken tipping […]