Bloomberg Investors who bought bonds in Argentina’s record-breaking sale have made $497 million in profit in just one day. The bonds that were sold for $16.4 billion now have a market value of $16.88 billion as of 4:48 p.m. in New York, according to prices compiled by Bloomberg. The notes, the first overseas debt sold by the country in ...

  Bloomberg West Fraser Timber Co. and Canfor Corp., Canada’s largest lumber producers, are suffering from tepid demand in the U.S. where the recovery in the housing market is stuttering. U.S. housing starts fell a more-than-expected 8.8 percent last month, the Commerce Department said April 19. Housing demand isn’t strong enough to support lumber prices at current levels, according to ...

  Riyadh / AFP US President Barack Obama met Gulf leaders in Saudi Arabia on Thursday to push for an intensified campaign against the IS group, despite strains in ties with Washington. Making what is likely his final presidential visit to America’s historic allies, Obama posed for a summit photo with the six regional leaders, including Saudi King Salman, before ...