Bloomberg Long-term sterling bonds suggest investors are quickly losing confidence in the Bank of England’s (BOE) ability to support debt markets through the UK’s departure from the European Union. Holders have lost about 10 percent in as little as seven weeks on long-dated notes issued by Vodafone Group Plc, British American Tobacco Plc and WPP Plc. The bond sales ...

  Bloomberg Bahrain-based alternative investor Investcorp Bank BSC agreed to buy the debt management arm of 3i Group Plc, more than doubling its assets under management. Investcorp has agreed to pay $271 million for the business, the company said in a statement on Tuesday. The 3i unit will add $12 billion to the firm’s assets under management, bringing Investcorp’s total ...

  Bloomberg Egypt has been facing a shortage of sugar for weeks as a currency crunch and rising global prices curbed imports. Authorities have accused traders of hoarding, and seized stocks from companies including Edita Food Industries — one of Egypt’s largest producers. With inflation at a seven-year high, the sugar crisis is making it harder for the government to ...