Bloomberg Nobody doubts America will make good on its debts. Yet if Congress fails to lift the debt ceiling in time, what’s known as a “technical” default— one that merely delays interest and principal payments— would be on deck for the $14.1 trillion Treasury market, presenting a potentially dizzying array of complications. Bond-market industry groups aren’t waiting to see how ...

Bloomberg Boeing Co. won a round in a long-running US trade dispute with the European Union over government backing for the planemaker and competitor Airbus SE. The World Trade Organisation’s appellate body overruled a lower-level finding that $8.7 billion in tax incentives awarded by Washington state to Chicago-based Boeing for the development of the 777X jetliner constituted the most serious ...

Bloomberg Shoprite Holdings Ltd. shareholders voted in favor of the purchase of about 1.75 billion rand ($135 million) of shares from former Chief Executive Officer Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price. The decision enables the Cape Town-based company to buy 8.68 million shares from Basson at 201.01 rand a ...