As Rates Near Their Peak, the Pain Begins for Europe’s Borrowers
European borrowers face repayment on trillions of euros of debt sold when financing costs were many times lower.
European borrowers face repayment on trillions of euros of debt sold when financing costs were many times lower.
Sasol Ltd. is opposing a legal bid by South Africa’s state-owned logistics company to claw back almost 816 million rand ($44 million) in oil pipeline tariffs, adding to other cases against the fuel and chemical maker that threaten its biggest operations.
Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home.
An Indonesian miner has been the world’s best-performing large initial public offering this year, as analysts tout its appealing valuation, earnings prospects and potential inclusion in a key local index.
The Bank of Japan should stop trying to keep policy normalization speculation at bay by offering an inflation outlook that doesn’t reflect reality, according to one of the country’s leading experts on prices.
The founder of a top quantitative hedge fund in China bought a villa in Shanghai for 285.5 million yuan ($39 million) in an online auction, scooping up one of the city’s most expensive homes for less than its appraised value.
The party of Guatemala’s President-elect Bernardo Arévalo was suspended by a government agency on Monday, adding uncertainty to a process marred by legal disputes and accusations of foul play.
Vietnam’s exports fell for a sixth straight month in August, extending the longest plunge since 2009 amid softer global demand for goods and China’s worsening economic outlook.
Private credit funds are considering jumbo loans to help finance bids for coal mines that BHP Group Ltd. is seeking to offload in Australia, people familiar with the matter said.
India’s tax department is probing an alleged tax evasion by founder of three Indian unicorns — FirstCry.com, Globalbees Brands Ltd. and Xpressbees — , according to people familiar with the matter.