After the worst first half in memory for European credit markets, the ship has steadied. The euro-aggregate index rose 4% in July, its best month ever. That reversed a similar-sized loss in June, which punctuated a 13% drop in the first six months for supposedly safe investment-grade bonds. In the midst of high summer, as is to be expected, ...

  Bloomberg Tencent Holdings Ltd’s biggest investees plummeted after Reuters reported the social media giant intends to sell all or much of its $24 billion stake in food delivery giant Meituan to appease Beijing. The social media giant has engaged financial advisors in recent months on ways to execute the sale of a roughly 17% stake, Reuters reported, citing sources ...

  Bloomberg Delivery Hero SE sought to reassure investors with an accelerated plan to reach profitability by next year driven by its Asia business despite a broader slowdown in the food delivery industry. While growth has eased following a pandemic surge, the Berlin-based company said it will generate positive adjusted earnings in fiscal year 2023. It also forecast the value ...