The conglomerate backed by Indian tycoon Gautam Adani has $34.7 million of coupon payments due this week on its dollar bonds, most of which have plunged as fallout spreads from a US short seller’s allegations of fraud and market manipulation.
Currency option investors are looking for the Bank of England’s rate decision to have a bigger near-term impact on the pound than European Central Bank’s move later Thursday will have on the euro.
Reserve Bank of India asked lenders for details of their exposure to the Adani group, according to people with knowledge of the matter.
A stronger yuan helped overseas holders of China’s sovereign bonds to reap a profit in January even as yields rose, boosting the case for inflows to continue after global funds dumped the debt last year.
India’s economy will withstand the stock rout caused by allegations against Adani Group, while any impact on the broader equity markets is set to be short-lived, a top minister said.
To live up to its climate promises, Sweden’s new government depends on the support of a far-right party that has called climate change a myth.
The hard work is only beginning for the UK prime minister.
The European Central Bank is about to deliver another half-point increase in interest rates, though investors will be more interested in clues about where borrowing costs are headed beyond this week.
Private equity firms are rushing to tie up investor cash as they navigate the most difficult fundraising market since the financial crisis over a decade ago.
The UK’s labor unions emerged emboldened from the country’s worst day of strikes for a decade, threatening further coordinated action to force the government’s hand in pay negotiations.
