Bloomberg Business

Canadian Funds Weigh $3 Billion Stake Sale in Chile’s Transelec

Canadian pension funds including Canada Pension Plan Investment Board are considering selling their stakes in Chile’s biggest power-transmission company Transelec SA, seeking a combined $3 billion, according to people familiar with the matter.

UN Calls Israel Army’s Evacuation Order in Gaza ‘Impossible’

The United Nations said Israel called for the evacuation of 1.1 million people living in northern Gaza within the next 24 hours, describing the order as “impossible” and appealing for a reversal ahead of what increasingly looks like an imminent ground invasion.

China Sovereign Debt Sales Surge to Test PBOC Support

A surge in Chinese sovereign debt issuance is heaping pressure on the central bank to keep funding conditions loose, as authorities pivot toward stronger fiscal stimulus to spur economic growth.

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