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Treasury bill yields advance

BLOOMBERG Investors are demanding a higher premium for US debt most at risk of default after yet another round of talks on the borrowing limit ended without a deal. Yields on four-week Treasury bills climbed 3.5 basis points on Tuesday, bringing their rise since the beginning of May to more than 60 basis points. The two-year Treasury yield increased 7 ...

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Adani Ports recoups all stock losses since Hindenburg report

BLOOMBERG Adani Group’s port unit became the first of its 10 entities to recoup all losses triggered by Hindenburg Research’s bombshell report in late January, as a recent rally in the conglomerate’s stocks gathered steam on Tuesday. All 10 Adani stocks climbed in early in Mumbai trading, with shares of Adani Ports and Special Economic Zone Ltd surging as much ...

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Taqa, Uzbekistan ink deal for $3bn power project

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) has announced a collaboration with the government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector. These opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than $3 billion. A strategic framework agreement and an implementation agreement ...

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