Bloomberg Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market. Offerings of rupee notes have fallen to 43.8 billion rupees ($584 million) this month, the slowest start to a financial year since 2008. That’s due in part to rules that took effect …

Bloomberg Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining authorities from China to Sweden exploring the next big step in the future of money. The government and central bank on Monday announced the creation of a task force to coordinate on the possibility of BOE-issued digital money for use …

Bloomberg Investors managing $11 trillion have called on the world’s biggest banks to phase out financing of fossil-fuel companies and throw their weight behind the goals of the Paris climate agreement. Asset managers, including Federated Hermes Inc.’s EOS division and Pacific Investment Management Co., have asked 27 banks to commit to eliminating emissions across their operations by 2050, including those …

Bloomberg Angola began selling state-run lender Banco de Comercio e Industria to test investor appetite for some of the country’s biggest companies including oil giant Sonangol, said Economic Coordination Minister Manuel Nunes Junior. The sale of the nation’s 13th-largest bank by assets is part of a push by Africa’s second-biggest oil producer to raise cash and jump-start a moribund economy. …

Bloomberg European stocks were steady while US equity futures drifted lower on Monday as investors looked for fresh catalysts to push global shares beyond record highs. The dollar slid. The Stoxx Europe 600 Index advanced to a fresh record following a seventh straight week of gains. Nasdaq 100 futures got a boost from easing Treasury yields, while S&P 500 contracts …

Bloomberg A drop in cryptocurrency-linked stocks in the wake of Bitcoin’s slide and Coinbase Global Inc’s choppy debut is stirring a rallying cry from optimists who reject fears that the sector has peaked. A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fall some 9% over the past week, paring 2021’s climb to about 130%. A …

Bloomberg Investors betting against Treasuries — or even just hiding out in cash waiting for lower prices — just suffered a rough week, even after a robust slate of economic figures showed the rebound from the pandemic is gaining steam. The debate over the long-term outlook for the $21 trillion market is far from over. The bearish view has dominated …

Bloomberg After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead. GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet stocks over the next few months. The Hang Seng Tech …

Bloomberg Oil posted the biggest weekly gain since early March as economic data in the US and China strengthened expectations for a recovery in global fuel demand. Futures in New York advanced 6.4% this week, despite eking out a small loss last week. On the heels of robust economic figures out of the US, data from China showed its gross …

VIENNA / WAM The Opec Fund for International Development has announced the signing of a $50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 gigawatt (GW) combined cycle gas-turbine power plant in Sirdarya, Uzbekistan. The new plant, located near the border with Tajikistan, will replace an ageing, less efficient thermal power facility, …