Bloomberg Business

Soros Foundation Cuts EU Funding as Nationalist Groups Surge

The decision by George Soros’s massive philanthropy to cut funding to European Union-based initiatives deals a significant blow to liberal democratic institutions as nationalist and populist forces surge across the continent.

Banks Lost Big on Apollo Buyout Debt. Interest Eased the Pain

For months on end, Wall Street banks were stuck holding $5.4 billion of debt for Apollo Global Management Inc.’s leveraged buyout of Tenneco Inc. as the Federal Reserve’s rate hikes rattled credit markets — and would-be buyers disappeared.

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