Billionaire investors George Soros and Seth Klarman are building positions in Irish building materials company CRH Plc before it shifts its primary listing to a US exchange from across the pond, a signal that efforts to tap into a larger pool of investors is working out.
A reluctance by states and cities to borrow is making municipal debt a star performer among credit assets and driving investors to scour the market for bonds.
A federal agency has ordered the owner of the controversial Mountain Valley Pipeline to undertake a series of safety inspections on the 300-mile project, arguing that segments of pipe left exposed or buried underground for years amid project delays could pose a safety risk.
Guggenheim Investments, the asset-management arm of Guggenheim Partners, is seeking to raise at least $1.5 billion for its newest private credit fund, according to people with knowledge of the matter.
Federal Reserve Bank of Minneapolis President Neel Kashkari said there’s been positive action on controlling US inflation, but it’s still higher than policymakers are prepared to tolerate.
Rokos Capital Management bought more than $2.7 billion of shares in the Invesco QQQ Trust last quarter, part of a wager on the technology sector.
Amazon.com Inc.’s pharmacy unit said it will automatically apply coupon discounts for insulin as the Biden administration seeks to expand access to lower prices for the life-saving diabetes medication.
A powerful explosion in the city of San Cristobal in the Dominican Republic has left at least 11 dead, 11 missing and 52 injured, the city’s mayor, Jose Montas, told Listin Diario newspaper Tuesday.
Kenya’s biggest bank by market value has suspended plans to sell its first green bond in its home country and a social bond in the Democratic Republic of Congo due to relatively high borrowing costs.
JBS SA, the world’s largest meat supplier, expects profits at its largest unit to remain tight as cattle availability in the US is seen shrinking further through next year.
