Bloomberg Saudi Arabia appointed JPMorgan Chase & Co, HSBC Holdings Plc and Citigroup Inc to arrange its first international bond sale, people with knowledge of the matter said asking not to be identified as the decision isn’t public. The banks declined to comment, while calls to Saudi Arabia’s finance ministry outside office hours weren’t immediately returned. Saudi Arabia is ...

  Bloomberg Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union. The pound fell to its lowest in more than 30 years, driving demand for assets such as US Treasuries and gold. Stocks and bonds also fell, amid concerns that the UK’s exit from the European ...

  Bloomberg Marc Lasry, chairman and chief executive officer of hedge fund firm Avenue Capital Group, told Fox Business Network that the Federal Reserve is likely to hold interest rates steady after British voters’ decision to leave the European Union. “I don’t think the Fed’s going to raise rates right now,” Lasry told the business-news channel, according to excerpts from ...