Bloomberg Business

Demand has surged for shorter-term yuan bonds from local government financing vehicles, led by lower-rated borrowers, in the wake of China’s efforts to stem debt risks in the sector.

China is escalating its defense of the yuan, pushing up funding costs in the offshore market to squeeze short positions and setting a new record with its stronger-than-expected reference rate for the currency.

SBB, the landlord at the center of Sweden’s commercial property crisis, was slammed with a downgrade of five steps further into junk by Fitch Ratings in a fresh blow for its new chief executive’s efforts to stabilize finances.

UK government borrowing came in below official forecasts in the first four months of the fiscal year, providing potential room for Chancellor Jeremy Hunt to cut taxes.

Singapore’s elections department said that three candidates will run for president in a vote on Sept. 1 after filing their nomination papers on Tuesday.

Microsoft Corp. said it will give Ubisoft Entertainment SA the cloud streaming rights for all of Activision Blizzard Inc.’s console games released in the next 15 years in order to placate regulators reviewing its $69 billion deal for the Call of Duty maker.

Leaders of the BRICS nations will focus on ways to reduce dependence on the dollar when they meet starting Tuesday, South African Deputy President Paul Mashatile said.

UBS Group AG named Richard Wilks as head of equity capital markets syndicate in Asia Pacific and Kevin Cui as sole head of ECM syndicate in Asia, in a reshuffling of the leadership in the region.

Beaten-down emerging-market stocks will get a boost from an expected policy easing by Chinese authorities and as political risk in the larger economies in the region improves, according to UBS Group AG.

Geothermal is an infinite source of power once used by the Roman Empire.