Swedish residential real-estate company Heimstaden Bostad said it agreed to buy a portfolio of properties located in major European cities such as Berlin, in a deal valued at about 9.1 billion euros. Heimstaden will buy 28,776 homes across Sweden, Germany, and Denmark from rival Akelius Residential, it said in a statement on Sunday.
Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.
Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector from the new leftist government.
- New York Governor Kathy Hochul is considering employing the National Guard and out-of-state medical workers to fill hospital staffing shortages with tens of thousands of workers unlikely to meet a Monday deadline for mandated COVID-19 vaccination.
Bahrain is considering doubling value added tax to 10% to boost state revenues and reduce its budget deficit, a Bahraini parliamentary source and a source close to the government told Reuters, confirming local media reports. The government's communications office did not immediately respond to a request for comment.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
China Evergrande's (EGRNF) electric car unit said on Sunday it will not proceed with plans to issue RMB shares on the Science and Technology Innovation Board of the Shanghai stock exchange.
The airport on the Spanish island of La Palma reopened on Sunday but flights remained cancelled as the volcano continued to spew lava and emit ash clouds over the surrounding area a week after it erupted.
Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande, to protect funds earmarked for housing projects from being diverted, media outlet Caixin said.
Volcanic explosions spewed red hot lava high into the air on La Palma on Saturday as a new emission vent opened, forcing the small Spanish island to close its airport and causing long queues for boats off the island.
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