Bloomberg Business

Gabon Coup Triggers Bond Selloff Sparking Contagion Fears

Gabon’s international bonds sank the most on record and shares of foreign companies with operations in the country tumbled as a military coup spooked investors in its oil sector and its debt linked to conservation projects.

China Developer Vanke Profit Slides 19% Amid Property Woes

China Vanke Co., the country’s second-largest developer by sales, reported lower profit in the first half, underscoring how even developers with partial state support aren’t immune to an unprecedented housing slump.