Bloomberg Business

Egypt’s dollar bonds sank deeper into distress after Moody’s Investors Service placed the North African nation’s ratings on review for downgrade.

A European Union court toppled Germany’s massive bailout of Deutsche Lufthansa AG at the height of the Covid-19 pandemic, backing Ryanair Holdings Plc’s claims that the package unfairly tilted competition toward its rival.

Sushil Wadhwani warns a deeply divided Congress may push the US to the brink of a default and credit downgrade before it resolves its standoff over the debt ceiling.

Germany’s Software AG rebuffed a fresh bid of at least €2.5 billion ($2.7 billion) from Bain Capital, choosing to maintain support for a lower takeover offer from existing backer Silver Lake Management.

Chinese high-yield dollar bonds are at their lowest level of the year, as liquidity worries about property firms dash optimism about rising new-home sales.

Egypt is reducing the amount millions of people can claim under a subsidized food program, part of an effort to revamp a costly welfare system amid the country’s biggest economic crisis in years.

(Bloomberg) — Ecuador has completed the largest debt-for-nature deal of its kind, a transaction that will generate more than $1 billion worth of savings for the government while helping to protect habitats of the Galapagos Islands.

European investors have urged Toyota Motor Corp. to improve disclosure of its lobbying on climate change ahead of an annual shareholder meeting in June.