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Carmakers’ captives show reasons to be fearful

Bets on the world’s biggest car companies look a bit less safe as the US market confronts slowing sales, an obsession with trucks and ballooning numbers of used cars. Bonds of captive auto-finance companies like Ford Motor Credit Co., Toyota Motor Credit Corp., General Motors Financial Co. and Daimler AG’s financing subsidiary have been trading more like their parents in ...

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Someone should give Fortis directors a discharge slip

Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India’s second-largest hospital chain must write four of its board members a discharge slip. The country’s serious fraud office and the stock-market regulator are investigating Fortis even as it tries to sell itself to one of five serious suitors, which include Malaysian, ...

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US stocks rise as risk-on creeps back, dollar falls; Italy bonds up

Bloomberg A degree of risk appetite returned to global markets on Tuesday, with developing-nation stocks and currencies rebounding and Italian bonds climbing. The dollar fell as Treasury yields climbed, and the pound advanced. US equity futures pointed to a higher open and the Stoxx Europe 600 Index nudged upward after the MSCI Asia Pacific gauge eked out a gain in ...

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