Morgan Stanley Bet on Ukraine’s Debt Returns 47% in Three Months
A bet on exotic Ukrainian debt warrants held by Morgan Stanley Investment Management is offering some of the biggest returns across emerging markets in the space of three months.
Bloomberg Business
Morgan Stanley-Backed Durango to Explore $1 Billion Sale
Durango Midstream, an energy pipeline operator backed by Morgan Stanley Energy Partners, is preparing to launch a sale process in the coming months, according to people with knowledge of the situation.
Meloni Coalition Poised to Pick ECB’s Panetta for Bank of Italy Chief
Fabio Panetta is poised to be nominated as Bank of Italy governor after Prime Minister Giorgia Meloni’s coalition agreed on a successor to Ignazio Visco, according to people with knowledge of the matter.
EU Traders Boost Gas Flows to Ukraine Eyeing Its Storage Sites
Ukraine expects a jump in natural gas flows to the country from the European Union as traders are interested in its spare storage capacity to stash fuel for the forthcoming winter.
Richard Ravitch, Who Helped Save NYC in 1970s, Dies at 89
Richard Ravitch, the civic leader and crisis manager who in the 1970s helped save New York City from near bankruptcy and then led its struggling subway system to recovery, has died at age 89, a spokesperson for his family said Monday.
England’s Senior Doctors Vote to Strike as Action by Nurses Ends
Senior doctors in England voted to strike after a separate ballot among nurses fell short of the threshold needed for them to continue months of damaging industrial action.
Volvo Plans to Add Tesla EV Charging Ports, Joining Industry Shift
Volvo Car AB plans to add Tesla Inc.’s charging ports to forthcoming electric vehicles, making it the fourth — and first European — automaker to embrace what could become the new standard in the US.
The World Lost an Area of Tropical Forest as Big as Switzerland in 2022
Losses of tropical forests vital to the planet’s climate accelerated from 2021 to 2022, a new analysis finds.
UK Set for Hottest June Ever as Climate Change Takes Hold
June in the UK will be the hottest since records began almost 140 years ago, setting the scene for another summer of unprecedented high temperatures.
Bank of America Seeks Texas Muni Revival After Two-Year Halt
Bank of America Corp. is seeking to resume its municipal-bond underwriting in Texas after a nearly two-year pause because of a Republican-backed law targeting banks over their gun policies, according to public records obtained by Bloomberg.
