Bloomberg Business

US mortgage rates climbed to a six-week high as 2022 drew to a close, resulting in a sharp decline in home-purchase applications.

Oil major was losing billions just three years ago, Wirth says

(Bloomberg) — The Consumer Financial Protection Bureau said it found deficiencies in how credit-reporting companies including TransUnion, Equifax Inc. and Experian handle complaints about consumer data, as the agency explores new rules to rein in the industry.

European bonds led a global debt rally, extending a strong start to 2023 amid signs that inflation is starting to slow.

The UK is backing away from a proposal to privatize state-owned broadcaster Channel Four Television Corp., according to two people familiar with the matter.

Credit defaults are set to more than double in Europe this year to levels approaching the worst days of the global coronavirus pandemic.

Passing the peak in European inflation may be good news for consumers, businesses and central bankers, but it’s too soon to sound the all clear.

Sunac China Holdings Ltd. received bondholder approval for an extension on its domestic debt, according to people familiar with the matter, buying the developer more time to deal with its liquidity crunch amid improved policy support.

Foreign investors sold off UK government bonds at the fastest pace on record over the three months to November despite the Prime Minister Rishi Sunak’s efforts to stabilize the economy after a disastrous September fiscal plan.

For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies. But there’s a catch.