Bloomberg Colombia became the fourth Latin America country this year to take advantage of lower borrowing costs in Europe by selling debt denominated in the single currency, helping push euro bond sales from the region to a record €10.8 billion in the first quarter. Colombia sold €1.35 billion ($1.5 billion) of 10-year bonds to yield 3.875 percent. That’s down from ...

Bloomberg Chicago taxpayers, already reeling from a financially strapped school system and mounting pension costs, are looking at a final tab of about $390 million to end ill-timed bets on interest rates. The city council on Wednesday authorized issuing as much as $200 million of bonds to help pay termination fees, estimated at $100 million, to unwind derivative contracts linked ...

Brussels / AFP European Union leaders began a difficult summit on Thursday to push for a crucial agreement with Turkey to curb the continent’s massive migration crisis despite threats by Cyprus to quash the deal. The proposed plan, which would make Turkey a central pillar of the divided EU’s response to the crisis, has been hailed by German Chancellor Angela ...