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US economy ready to surge with big stimulus, fast vaccines

Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

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Vodafone seeks $2.4b from Vantage Towers IPO

Bloomberg Vodafone Group Plc is looking to raise 2 billion euros ($2.4 billion) from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year. The UK telecommunication giant plans plans to sell shares in Vantage Towers AG at 22.50 euros to 29 euros apiece, ...

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Puerto Rico files debt cutting plan to bankruptcy court

Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

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