Europe’s Collateral Drought Shows Up in Bond-Market Anomaly
A debt metric is flashing warnings about Europe’s dwindling pool of bond collateral, bucking broader optimism in the market.
Bloomberg Business
Stunted Wheat Crops are Turning Blue in Drought-Ravaged Kansas
It’s so dry in Kansas that wheat plants are turning blue.
Why So Many Electric Car Chargers in America Don’t Work
Auto electrification needs public chargers, but one in five EV drivers in the US say they have been unable to charge at a public station.
Jack Ma-Backed Ant Profit Falls 56% Amid Overhaul
Ant Group Co.’s quarterly profit fell 56% as the fintech giant shifted its focus from expansion to regulatory compliance, and the company saw a decrease in investment gains.
Alibaba Breaks Up Investment Team, Dispatches Staff to Units
Alibaba Group Holding Ltd. plans to dispatch about half of its investment team to six different business units that will be created after the company’s breakup, according to people familiar with the matter.
Biden, G-7 Partners to Focus on China in Hiroshima Gathering
President Joe Biden and his G-7 counterparts will spend a considerable amount of time discussing China at their gathering in Hiroshima, National Security Council spokesman John Kirby said Thursday.
Thai Coalition Talks Spook Markets Amid Split Over Law on Royals
Thailand’s pro-democracy parties faced built-in obstacles to forming a government even before a historic win in Sunday’s election. Now that resistance is starting to take shape, making investors wary of a protracted political uncertainty.
UK Water Companies to Spend £10 Billion to Cut Sewage Spills
UK water companies have apologized and laid out a multibillion-pound plan to curb sewage spillage into England’s rivers after months of public outcry, a move that’s likely to hurt customers’ pockets.
Credit Suisse Default Swaps Plunge as Panel Rules Against Payout
Credit default swaps tied to Credit Suisse Group AG subordinated debt are tumbling after a panel ruled that the wipe-out of the Additional Tier 1 notes won’t trigger a payout.
Binance Australia Loses Access to Some Aussie Dollar Payment Routes
The Australian arm of crypto exchange Binance suffered a setback on Thursday after the local platform lost access to some Aussie dollar deposit services and warned of disruption to bank transfer withdrawals.
