Funding & Business
SBB’s Rental Income Beats Estimates as CEO Points to Turnaround
SBB, the firm at the center of Sweden’s property crisis two years ago, reported better-than-expected rental income in the second quarter thanks to growth in its residential segment.
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Oil traders are rushing to grab supertankers to haul crude on a key route from the Middle East to Asia, bolstering earnings to the highest level in two-and-a-half years as suppliers across the region jack up output.
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Wall Street traders are all but certain the Federal Reserve will cut interest rates by a quarter percentage point later today. They’re also fairly sure Chair Jerome Powell will signal further reductions aimed at supporting a saggy labor market.
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