Bloomberg Leaving the European Union would be a “risky bet” for the U.K. and the country should not “turn inward,” according to eight former U.S. Treasury secretaries going back to the era of President Richard Nixon. The intervention in a letter to the Times newspaper in London published on Wednesday came two days before U.S. President Barack Obama is ...

  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 ...

  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 ...

  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, ...

  Bloomberg Benchmark 10-year Treasury yields may tumble to a never-before-seen 1.25 percent as investors seek alternatives to lower interest rates around the world, according to Prudential Financial Inc. “We’re going to be low and range bound,” said Robert Tipp, the head of global bonds and foreign exchange for fixed-income division of the second-largest U.S. life insurer. “This is an ...

  Riyadh / AFP US President Barack Obama arrived in Saudi Arabia for a two-day visit on Wednesday hoping to ease tensions with Riyadh and intensify the fight against extremists. He also seeks to focus discussions on efforts to end wars in Syria and Yemen. Dressed in a grey suit, Obama emerged at 1:14 pmand descended the steps of Air ...

  CAIRO / AP Egypt has blasted the UN chief for calling for a fair trial for two prominent rights activists accused of illegally receiving foreign funds for their NGOs. Foreign Ministry spokesman Ahmed Abu Zeid says in a statement on Wednesday that comments by UN Secretary-General Ban Ki-moon are an attempt to intimidate Egypt’s judiciary and meddle in its affairs. ...

  BAGHDAD / AP An influential Iraqi Shiite cleric has called on the United Nations and the Organization of Islamic Countries to help find a solution to the country’s simmering political crisis “even through holding early elections.” In a handwritten statement issued on Wednesday, cleric Muqtada Al Sadr, ordered Sadrist lawmakers to withdraw from a parliament sit-in that demands the country’s ...

  Sanaa / AP Yemen’s Houthi rebels and their allies have agreed to join delayed peace talks in Kuwait after the United Nations assured them that pro-government forces would abide by a ceasefire. The UN-brokered talks were set to open in Kuwait on Monday but were put off after the Iran-backed insurgents failed to show up over alleged Saudi violations ...

  Juba / AFP Fragile hopes for an end to South Sudan’s civil war are being tested by the rebel leader’s failure to return to the capital to form a unity government. International pressure is growing after Riek Machar, a former rebel leader turned deputy president who was fired, became a rebel leader again and has now fought his way ...