Thames Water Bonds Edge Higher on Bets Selloff Overdone
The bonds of the UK’s biggest water provider climbed on Monday as investors bet a selloff driven by fears the utility would be nationalized had gone too far.
Bloomberg Business
Germany to Lift Defense Budget to Record, Meeting NATO Target
Germany will increase its defense budget to a record amount next year, helping Europe’s biggest economy meet a NATO target of spending at least 2% of output annually on the military.
Credit Suisse Fails to Stop Upcoming $2 Billion Mozambique Boat-Financing Trial
Credit Suisse lost its bid to block an impending trial over allegations of wrongdoings in a multibillion dollar boat-financing scandal in Mozambique.
ING Sues Legendary Chinese Copper Trader Over $147 Million Debt
ING Groep NV is suing He Jinbi, a legendary Chinese copper trader and founder of troubled merchant Maike Metals International Co., over $147 million in unpaid debt.
ESG-Linked Bonds With ‘Exit Clause’ Raise Alarm in New Analysis
Issuers in a controversial corner of the $6.4 trillion ESG debt market are building in clauses that allow them to sidestep financial penalties, according to BloombergNEF.
L3Harris Explores Sale of $1 Billion Avionics Unit
L3Harris Technologies Inc., the aerospace and defense company, is exploring a sale of its avionics business, according to people with knowledge of the matter.
Europe’s Carmakers Are Competing With Retail Banks for Deposits
Some of Europe’s biggest carmakers are looking more and more like retail banks.
Singapore Ministers Defend Colonial House Rents After Outcry
The two Singapore cabinet ministers at the center of a rental probe over sprawling state-owned houses took to parliament on Monday to defend their conduct.
European Airline Passengers Face Risk of Another Traffic Overload Summer
European airline passengers risk another summer of travel chaos as destinations including Budapest, Marseille and Athens face an overload of air traffic during the peak travel season.
Casino Shares Drop After Warning of Looming Default
Casino Guichard Perrachon SA’s shares dropped to a new record low on Monday after the French grocer warned it’s on the verge of defaulting on its credit line.
