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Russia wins $50bn ruling in decade-old fight with Yukos

  Bloomberg Russia succeeded in its battle to overturn a $50 billion arbitration ruling after a Dutch court ruled that the panel of judges who issued the record-setting award to the former owners of Yukos Oil Co. had no right to review the dispute. The ruling by a court in the Hague on Wednesday was a sweeping victory for the ...

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Argentina in junk bond spree as emerging issuers line up

  Bloomberg Argentina’s blockbuster $16.5 billion bond sale is opening up the floodgates for junk-rated issuers in developing countries. The Latin American country’s return to global capital markets for the first time since its 2001 default brought high-yield issuance from emerging markets to $18 billion this week. That’s more than the previous 11 weeks combined, and money managers from Aviva ...

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Canadian supplement maker Iovate to seek $1 billion sale

  Bloomberg Iovate Health Sciences International Inc., the Canadian maker of “MuscleTech” and “Six Star Pro Nutrition” supplements, is seeking a buyer in a deal that could value the company at as much as $1 billion, people with knowledge of the matter said. The Ontario-based vendor of weight-loss, muscle-building and nutrition products has hired an adviser to arrange the sale, ...

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