Bloomberg For Europe’s higher-yielding bonds, a political stalemate in Spain and lingering concerns about Italian banks are proving to be no impediment as investors count on support from an acceleration in buying by the European Central Bank and loose monetary policy globally. Spain’s 10-year bond yields fell to a record low and approached 1 percent even with the country …

  Washington / AFP A hot air balloon that went down in a fiery crash in a Texas pasture, killing all 16 people on board, likely struck a power line, an investigator said on Sunday. “There’s physical evidence to indicate the balloon or some component of the balloon hit the wires themselves,” US National Transportation Safety Board official Robert Sumwalt …

  Bloomberg As many airlines across Asia join a rush to expand their fleets by ordering hundreds of jets, China’s top budget carrier is putting a pause to its new plane orders and said it will instead focus on operations. After signing an agreement in December with Airbus Group SE for 60 A320 aircraft, Spring Airlines Co. said it has …