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UK car sales show signs of recovery

Bloomberg Britain’s car industry showed signs of improvement in June, spurred by the reopening of showrooms from lockdown measures designed to curtail the spread of Covid-19. Registrations last month totaled 145,377 vehicles, a drop of 35% compared with June 2019, the Society of Motor Manufacturers and Traders said in a statement. Year to date, the tally is still 49% down, ...

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Argentina improves debt offer in latest move to reach a deal

Bloomberg Argentina presented an improved debt offer to restructure $65 billion of foreign bonds in an attempt to reach a deal with its creditors after more than two months of stalled talks. The proposal seeks to reduce creditor losses on the bonds’ principal, increase coupons and shorten bond maturities, according to a release. The latest proposal will include minimum participation ...

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China propels global stock rally to one-month high

Bloomberg Global stock markets are starting the week with a bang after China’s influential state media stoked bullish enthusiasm. The dollar fell for a fifth day and Treasuries dipped. Banks, construction and insurance shares pushed the Stoxx Europe 600 Index higher, and UK homebuilders rallied after a report that the government is considering a temporary increase in the threshold at ...

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