Australian Retail Sales Unexpectedly Decline, Currency Drops
Australian retail sales surprisingly fell in March as households faced the prospect of higher borrowing costs for longer. The currency declined.
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Australian retail sales surprisingly fell in March as households faced the prospect of higher borrowing costs for longer. The currency declined.
Creditors of distressed Korean builder Taeyoung Engineering & Construction Co. are poised to decide Tuesday on whether to allow the firm to begin restructuring its debt, after it rattled local markets at the start of the year.
Ballot counting in Togo’s parliamentary vote that may cement the family dynasty of President Faure Gnassingbé in power got underway Monday.
Retailer American Eagle Outfitters Inc. is relocating its New York City offices to Madison Avenue in one of the city’s largest new leases so far this year.
WeWork Inc. and its major financial backers including SoftBank Group Corp. have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder Adam Neumann.
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