Recent Posts

India’s Sensex advances to record as rival index suffers outage

Bloomberg Indian shares rose, and the benchmark index rallied its second record high in three sessions, after a regulator tightened rules for offshore derivatives and banned so-called “naked” bets. The National Stock Exchange, the country’s largest bourse, suffered its longest technical outage, handing over the volumes to rival BSE Ltd. The benchmark S&P BSE Sensex climbed 1.1 percent to close ...

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Japanese funds pile into US, Europe bonds before selloff

Bloomberg Japan’s investors returned to developed bond markets in May, mopping up Treasuries, German bunds and French debt one month before a global selloff sparked by hawkish comments from major central banks. Investors bought a net 1.32 trillion yen ($11.6 billion) of US sovereign debt in May, the most in nine months, according to Japan’s balance-of-payment data released on Monday. ...

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Political meltdown foils Oi’s exit from $19bn bankruptcy

Bloomberg For more than a year, Oi SA has struggled to reach a deal with various factions jockeying for a leg up in its $19 billion bankruptcy case. Almost entirely absent from that process? The company’s single biggest creditor. Brazil’s government claims that Oi owes telecom regulator Anatel as much as 20 billion reais ($6.1 billion), but current law forbids ...

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