Bloomberg South Korea’s ruling Democratic Party picked Lee Nak-yon as its new leader on Saturday, paving the way for a possible bid by the former prime minister in the 2022 presidential election. Lee won 60.8% of the total vote in the online election and was followed by four-term lawmaker Kim Bu-gyeom, with 21.4%. The new party leader said in his ...

Bloomberg By almost every reckoning, Argentina’s $65 billion debt restructuring will be approved by a wide margin this weekend. But investors are on alert for the small risk that holdouts could make things complicated. While there’s little threat to the broad plan for most creditors to accept new bonds valued at an average of 55 cents on the dollar, some ...

Bloomberg President Donald Trump is cutting the cap on allowable steel shipments from Brazil, citing a slump in the US market. In a proclamation, Trump amended a previous decision under so-called Section 232 national security powers to lower the cap on allowable imports. The limits were set in 2018 as part of a deal between the nations to avoid tariffs ...