The clock is ticking for Country Garden Holdings Co. to avert its first-ever public dollar bond default, as the distressed Chinese developer faces the imminent end to a deadline for interest payment.
Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
Stocks rose and bonds fell amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict. Oil declined, following last week’s rally.
Europe’s environment ministers backed off a hard limit in what green groups will see as a worrying omen for the UN climate summit.
Emerging-market currencies rose Monday as investors followed diplomatic efforts from the US and its allies to contain the war in the Middle East. Elections in Ecuador and Poland also helped boost assets.
Pfizer Inc.’s announcement that it will cut $9 billion from annual sales guidance due to declining demand for Covid shots and pills was met with relief by investors eager to understand the company’s post-pandemic growth strategy.
The Colorado Supreme Court ruled on Monday that evidence gleaned from a warrant for Google’s search data could be used in a murder case, sparking concerns the decision may encourage more police to embrace the controversial technique.
John Paulson sued his former Puerto Rico business partner, accusing him and several members of his family of siphoning millions of dollars from the hedge fund billionaire to finance a luxury lifestyle.
President Joe Biden said he was “shocked and sickened” to learn about the murder in the US of a 6-year-old Palestinian-American boy and the wounding of his mother in an alleged hate crime inspired by the Israel-Hamas conflict.
Bernard Arnault lost his spot as the world’s second-richest person as a selloff in luxury stocks pushed his net worth below that of Amazon.com Inc.’s Jeff Bezos.
