Funding & Business
Hyundai Says Battery Plant Delayed After Immigration Raid
Construction work at a Hyundai Motor Co. joint-venture battery plant in Georgia that was raided by US immigration authorities is being delayed as the companies involved grapple with worker shortages.
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Orix Corp.’s real estate investment unit has raised the target size of one of its funds by 33%, reflecting rebounding Japanese institutional investor demand for property market deals.
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China’s economy likely endured another month of weakness in August, with a slowdown in industrial output and investment offsetting a slight improvement in retail sales.
Official data due Monday will show factory production increased 5.6% in August from a year earlier, down from a 5.7% gain in the previous month, according to the median forecast in a Bloomberg survey. Retail sales growth is expected to pick up slightly to 3.8% after the weakest gain all year, while fixed-asset investment probably had its slowest expansion in almost half a decade.
Zijin Gold International Co. is planning to begin gauging investor interest as soon as next week for a Hong Kong initial public offering that may fetch more than $3 billion, according to people familiar with the matter.
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