Bloomberg Business

Nigeria Eurobonds Lead Emerging-Market Losses for Second Day

Nigeria’s eurobonds were the worst performers in emerging-market credit for a second day on Wednesday, after the government said it will suspend increases to gasoline prices even against the backdrop of rising crude.

Billionaire Charlie Ergen Conjures M&A Magic to Save His Empire

Billionaire media mogul and former professional blackjack player Charlie Ergen is known to keep “feng shui water” in his office for good luck. These days, Wall Street is wondering whether he’s finally running out of it.

Germany, Spain in Contest for $4.8 Billion Indian Submarine Deal

Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region.

LGFV From ‘High Risk’ Chinese City Draws Blowout Demand for Bond

A local government financing vehicle from one of China’s most indebted cities enjoyed overwhelming demand for a yuan bond sale, in a sign that Beijing’s fresh efforts to defuse debt risks among regional authorities are reviving demand for such securities.

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