The emerging-market selloff that started in equities and spread to currencies this month has now gripped bonds, as traders rush to unwind bets they made on expectations for interest-rate cuts.
Indian billionaire Gautam Adani’s conglomerate took a group of local bond arrangers on a site visit last week, people familiar with the matter said, after gearing up to sell up to 150 billion rupees ($1.8 billion) worth of debt amid lingering concerns about its corporate governance.
The fitness company is making a play for small and midsize businesses
Kenya is in talks with the World Bank and European Union to ramp up its “Hustler Fund” project that is already providing cheap credit to more than 20 million of the country’s poor.
Brokers expected a drop-off this year. They didn’t anticipate what came next.
A powerful storm building strength in the eastern Pacific Ocean is on Bloomberg Green’s radar today.
China seems to be building a runway on an island in the South China Sea that is also claimed by Vietnam, the South China Morning Post newspaper reported Thursday, citing satellite images.
Arm Ltd., taking a page from Alibaba Group Holding Ltd.’s landmark listing almost a decade ago, will split underwriter fees evenly among the four banks leading its initial public offering, according to people familiar with the matter.
(Bloomberg) — Javier Milei wants to turn Argentina into the world’s biggest dollarization experiment.
(Bloomberg) — Italy is counting on receiving as much as €3 billion ($3.3 billion) from its controversial tax on banks, which Prime Minister Giorgia Meloni is determined to push through parliament after the summer break.
