UK Bonds Rally, Pound Slips as Traders See BOE Hikes Nearing End
The pound dropped and UK bonds extended gains on speculation the Bank of England is nearing an end of its hiking cycle.
Bloomberg Business
Brazil’s Oi Seeks Creditor Protection Ahead of Debt Payments
Oi SA, the distressed Brazilian telecom operator, asked a court to shield it from creditors ahead of a major debt payment, in what may lead to a second bankruptcy protection process in seven years.
Adani Ports’ Bonds With Coupons Due Today Now Yield 10%
Investors anxious over billionaire Gautam Adani’s business empire have sent some of his companies’ bond yields above 10%, a milestone typically reserved for junk-rated debt.
OPEC Output Slides as Group Sticks With Deal to Balance Market
OPEC’s crude output edged lower last month as the group pressed on with an accord to keep global markets in balance.
Bridgewater Names 37-Year-Old as Its First Female Co-CIO
Bridgewater Associates is naming Karen Karniol-Tambour as its third co-chief investment officer as it continues to rework its leadership after billionaire founder Ray Dalio gave up control of the $125 billion hedge fund firm.
Turkey Rebuffs Idea Erdogan Will Allow Higher Interest Rates After Election
Turkey will keep interest rates low after elections in May, the country’s finance chief said, rejecting the view of some Wall Street banks that expect a U-turn in its unconventional monetary policy.
BNP Trader Sues for Bonus Held Back After He Quit to Join SocGen
A former BNP Paribas SA trader sued to claw back a €230,000 ($252,870) bonus he was denied after jumping ship to join French rival Societe Generale SA, claiming his former employer’s policy on deferred pay was “like a punishment for leaving.”
UK Regulators Start Investigation Into ION Cyberattack
UK regulators have started an investigation following a cyberattack on London-based ION Trading UK that’s snarled global derivatives trading.
Biden’s Antitrust Push Is Best Chance in Years to Rein In Google
DOJ antitrust chief Jonathan Kanter has long had his sights on the internet giant
New York’s Jet Fuel Shortage Heralds a Volatile Year for Flying
Surging premiums and dwindling supplies are just the beginning of a volatile year for the jet fuel market, with rebounding Chinese demand and the EU ban on Russian fuels set to further roil prices.
