BlackRock Prefers Private Credit Over Public Amid Bank Troubles
BlackRock Investment Institute favors private credit over public as the banking-sector turmoil makes traditional lenders cautious, opening up new opportunities in the funding market.
Bloomberg Business
US Now Says No Plan to Lift Sanctions on China Defense Minister
The US said it has no plans to lift sanctions on Chinese Defense Minister Li Shangfu, appearing to backtrack on comments made a day earlier by President Joe Biden while he attended the Group of Seven summit in Japan.
Mizuho Becomes Third Japan Bank to Sell AT1s After Crisis
Mizuho Financial Group Inc. is set to become the third major Japanese bank to sell Additional Tier 1 bonds after Credit Suisse Group AG’s near-collapse set off a global fire sale, in the latest sign of a resilient local credit market and improved investor mood.
Bain Targets November for Virgin Australia’s $665 Million IPO
Bain Capital is targeting November to relist Virgin Australia Airlines Pty Ltd. through an initial public offering that could raise about A$1 billion ($665 million), the country’s largest in two years, according to people familiar with the matter.
Mexico’s AMLO Expropriates Private Lands to Build Train Stations
Mexico’s President Andres Manuel Lopez Obrador expropriated privately-owned land in the state of Mexico to build commuter train stations, fueling an already tense political climate just three days after he ordered the seizure of part of a rail line owned by billionaire German Larrea’s Grupo Mexico SAB.
Japan PMIs Signal Stronger Recovery, Aided by Return of Tourists
Japan’s slow post-pandemic recovery is showing signs of growing momentum, according to the latest gauges of strength in the service and factory sectors.
Bankers See Asia-Middle East Dual Listings as a Budding Trend
Dual listings between the Middle East and Asia are expected to become a new trend as investment flows between the two regions rise, according to bankers.
China Buys More Australian Coal as Appetite for Quality Builds
Australian coal continues to make inroads among Chinese buyers, adding to pressure on domestic prices, with new shipments climbing to their highest level since Beijing halted imports in the fall of 2020.
Vedanta Extends Record Dividend Spree With $830 Million Payout
Vedanta Ltd. will award a dividend of 68.8 billion rupees ($830 million), the first payout in the fiscal year to March 2024 after five rounds of generous payments last year.
E. Jean Carroll Wants to Add Trump’s CNN Town Hall Comments to Defamation Suit
The New York author who won a $5 million sexual-abuse trial against Donald Trump this month is seeking to amend an earlier defamation suit against the former president to add remarks he made about her on a recent CNN town hall and demand $10 million in damages.
