Category: Business

Macy’s reported better-than-expected earnings, but its profit forecast disappointed investors. Chief Executive Officer Tony Spring struck a cautious note on consumer spending in the coming weeks, saying in an interview that guidance was “prudent” and that the company is facing strong results from a year ago. He spoke to Bloomberg’s Romaine Bostick off camera. (Source: Bloomberg) Source: Bloomberg…

India’s rupee fell past a key psychological level of 90 per dollar as delays in finalizing a crucial trade deal with the US hurt sentiment. Source: Bloomberg Markets.

Ayvens SA, a French fleet managing and car leasing company, is marketing a £200m ($264m) dual-tranche bullet loan, according to a person familiar with the matter. Source: Bloomberg Markets.

J&F SA — the Brazilian holding company controlled by the Batista brothers — has hired Citigroup Inc. to sell a minority stake in its LHG Mining unit to a potential strategic partner, according to people familiar with the matter. Source: Bloomberg Markets.

Canada’s PSP Investments, Oaktree Capital Management, Franklin Templeton and other private lenders snapped up about $2 billion of subordinated debt that banks had committed to after financing Blackstone Inc. and TPG Inc.’s buyout of Hologic Inc., according to people with knowledge of the matter. Source: Bloomberg Markets.

Taiwan is confident the Trump administration will allow President Lai Ching‑te to transit through the US, Foreign Minister Lin Chia‑lung told Bloomberg in an exclusive interview. (Source: Bloomberg) Source: Bloomberg Markets.

Singapore-based multi‑currency payment platform YouTrip is targeting Australia’s A$50 billion travel market, as it expands into its first new market since the pandemic. CEO Caecilia Chu discussed the company’s regional growth strategy on “Bloomberg: The Asia Trade.” (Source: Bloomberg) Source: Bloomberg Markets.

Blackstone Inc. is selling a preferred equity stake in the CityCenter Las Vegas complex to Realty Income Corp. in a deal that lets the alternative asset manager cash in on its investment while retaining control of the property. Source: Bloomberg Markets.

Eli Lilly is cutting prices again for those who pay cash for introductory doses of the weight-loss drug Zepbound. The lowest dose vial will cost $299 a month, that would be a saving of about $50. It’s part of the price war with rival Novo Nordisk. Bloomberg’s Madison Muller reports. (Source: Bloomberg) Source: Bloomberg Markets.

The Swiss National Bank probably didn’t step into currency markets in October to stop the haven run of the franc, according to UBS calculations based on balance sheet data. Source: Bloomberg Markets.