Erminois

Good morning, Marisol.

Reflected glass facades of downtown office towers — photo by Artem Zhukov on Pexels Heliograph/M. Tavener
Down to the frame.

Five things that matter today

A Gulf-coast property group missed a bond payment. Halbrook Estates, the fourth developer to stumble on offshore debt this quarter, skipped the coupon on a $1.2 billion note.

Aldenmark delivered 268,410 vehicles in the second quarter. Shipments landed under the range analysts had modelled as the carmaker rationed a shrinking chip allocation and idled two assembly lines.

Rail ministers said the northern corridor is back on schedule. The 340-kilometre link was the last stretch of the cross-border freight programme to slip, and crews now expect to hand it over in September.

A second grid operator paused its data-centre queue. Interconnection requests in the region now wait 41 months on average, and two co-location developers have withdrawn their filings.

Cocoa settled at a nine-month low. Traders pointed to an unusually wet harvest in the western belt and to roasters who pre-bought through the spring.

Read the rest of the brief