Spreads on the lowest rated bonds backed by subprime auto loans have fallen to the lowest in a year, part of a broader tightening of risk assets that until recently had pulled the corporate bond market tighter as well.
Abu Dhabi Investment Authority agreed to buy an additional stake in Indian billionaire Mukesh Ambani’s rapidly expanding retail unit for 49.7 billion rupees ($597 million).
The largest health-care strike in US history that hit Kaiser Permanente on Wednesday has investors who buy and sell hospital bonds on edge as an industry that’s already experienced more than its share of distress struggles to stabilize financially.
IAG SA is in discussions with Airbus SE and Boeing Co. for a potential widebody aircraft order, according to people familiar with the matter, as the European airline group looks to modernize its long-haul fleet.
Yuga Labs, the crypto company behind the popular Bored Ape Yacht Club and CryptoPunks nonfungible token collections, said it is laying off some staff across its business as part of an internal restructuring.
A top aide to Ukraine’s president urged the supply of more air defense systems to protect the nation’s energy facilities from the type of Russian attacks that caused massive blackouts last winter — and as Kremlin troops step up deadly strikes on civilian targets. Some 50,000 people were temporarily left without power in the Kyiv region overnight after a Russian attack.
Great-power politics helped keep IMF credit flowing to its top borrower. But with the economy in crisis on the eve of elections, that may not last
Electron Capital Partners founder Jos Shaver told investors he’s stepping down as chief investment officer and managing partner of the $3 billion hedge fund firm for health reasons.
Canada’s labor market blew past expectations for a third straight month while wage growth accelerated, doing little to quell some bets for another hike amid stubborn price pressures.
Long before this week, executives inside Metro Bank Holdings Plc were fixated on an impending cliff edge for the challenger bank’s funding.
