Bloomberg For option traders, the lira is headed for a period of calm. Contracts that measure expected swings in the currency over the next month retreated the most in emerging-market in 2016 to the lowest level since December 2014, a sign of growing confidence in Turkey’s economy. The drop is a boost for carry traders, who buy higher yielding assets ...

Thetford / AFP Toby Bulgin’s face wrinkles worriedly as he surveys his farm and contemplates the looming vote on Britain’s EU membership that could leave his livelihood hanging in the balance. The sunbathed fields, bleating lambs and birdsong on his farm in Norfolk, eastern England, seem a long way from the European Union’s corridors of power in Brussels. But Bulgin ...

Bloomberg Hedge funds holding debt in Puerto Rico’s Government Development Bank sued to stop the island’s key fiscal entity from making payments to local government agencies as it faces a growing cash shortage and the prospect of insolvency. The funds, which include affiliates of Brigade Capital Management, Claren Road Asset Management and Solus Alternative Asset Management, accused the bank in ...