Wednesday, September 29, 2021
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China deals a blow to Blackstone’s ambitions

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US client costs in August rose at a extra average tempo in an indication that inflationary pressures related to the tip of Covid-19 lockdowns are easing, and financial institution executives say client spending is outpacing pre-pandemic ranges as customers shrug off the Delta variant, and Blackstone deserted a big deal in China after Beijing’s antitrust regulators refused to log out on it throughout the agreed timeframe, and massive Chinese language cities suspended land auctions in response to guidelines aimed toward decreasing housing costs. 

Tempo of US client value rises cools barely in August

US customers nonetheless spending regardless of Delta threat, banks say

Blackstone drops $3bn takeover of property developer Soho China

Chinese language land public sale blunder undercuts Xi’s inequality campaign

Name of the good outside fades for advertisers throughout muted commuting

The FT Information Briefing is produced by Fiona Symon and Marc Filippino. The present’s editor is Jess Smith. Extra assist by Gavin Kallmann, Michael Bruning, and Persis Love. The present’s theme track is by Metaphor Music. The FT’s world head of audio is Cheryl Brumley. 

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