UK Plc Has a £14 Billion Junk Bond Problem to Address
UK firms selling pints of beer, frozen peas and chicken are facing a race against time to refinance billions of pounds in junk bonds as Britain struggles to get a grip on the economy.
Bloomberg Business
South Africa’s President, Ministers Meet CEOs Amid Investor Angst
South African business sentiment declined to an almost three-year low as persistent power cuts, rising interest rates and cost pressures weighed on profitability.
Top-Performing Fund Favors China Stocks as Bearish Tide Grows
The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.
Why Banks Aren’t Too Worried About Climate Credit Risk Yet
Standard Chartered explains why there’s still a few years left before carbon-intensive industries get into trouble.Â
AES Acquires Large Solar Plant Development in California
AES Corp., an electric utility that’s been phasing out of coal and expanding in renewables, is acquiring a major solar plant under construction in California.
Cathie Wood Boosts Coinbase Stake as SEC Crypto Crackdown Widens
Cathie Wood’s funds boosted their holdings of Coinbase Global Inc. as shares slumped after the Securities and Exchange Commission accused the company of operating an unlawful exchange.
William Hill Owner 888 Soars as UK Gambling Veterans Eye Shakeup
888 Holdings Plc, the owner of British betting chain William Hill, soared to the highest level in more than four months after a group of gambling industry veterans began pushing for changes at the bookmaker.
Maxis Will Tap Malaysia’s Government-Run 5G Network, CEO Says
Malaysian telecommunications giant Maxis Bhd. said it will tap into the 5G network currently being rolled out and operated by government-owned entity Digital Nasional Bhd.
Japan Kishida Unveils Policy Proposal Before Potential Polls
Japanese Prime Minister Fumio Kishida proposed a long list of policy targets for this year, as speculation continues over Kishida potentially calling an early election.
ECB’s Knot Says More Hikes May Be Needed If Inflation Stays High
European Central Bank Governing Council member Klaas Knot warned that prolonged inflation may prompt further increases in borrowing costs in the future.