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Toys ‘R’ Us lenders plan brand revival as auction cancelled

Bloomberg The same Toys “R” Us Inc. lenders that have been taking heat for their role in the decision to liquidate the company in March are now working on bringing the brand back to life, according to new court documents. In a bankruptcy court filing, the funds that now control Toys “R” Us said they’d canceled a plan to auction ...

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US malls aren’t dying as fast as some traders would like

Bloomberg For traders betting on the death of America’s malls, being right and making money are proving to be two very different things. Reminiscent of Michael Burry of “The Big Short” fame, these hedge funds have piled into a trade that could reap huge profits if loans taken out by beleaguered mall and shopping-center operators eventually go bust. While the ...

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UAE federal budget invests in nation’s most cherished assets

ABU DHABI / WAM The UAE federal budget over the coming three years carries forward a profound message that reaffirms the government’s unswerving determination to forge ahead with its ambitious developmental and investment strategy with the ultimate goal of ensuring the well-being of our human capital, being the core and crux of our comprehensive developmental drive. Approved by the Cabinet ...

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