Numericable Bond Raises Almost $11 Billion
French cable operator Numericable Group on Wednesday raised almost $11 billion in the biggest junk-bond sale on record.
Chinese Firms Grab Foreign Cash
Chinese companies are turning to foreign investors for financing, as domestic credit is getting harder to find.
Sugar Climbs on Fears of Brazilian Pullback
An industry group in the South American country forecast that sugar production would decline from a year ago.
Australian Dollar Tumbles After Inflation Data
The Australian dollar tumbled after muted inflation data scotched investors' expectations that the central bank would raise interest rates.
Ireland Seeks U.S. Approval to Sell Soured Loans
Officials in charge of liquidating a pair of failed Irish banks are asking a U.S. bankruptcy judge to sign off on sales involving about EUR15 billion ($20.72 billion) in soured loans.
ECB Ready if Inflation Misses Target
The governor of Estonia's central bank said a real deflation scenario was unlikely, but the bank stood ready to act should inflation remain below target for a prolonged period.
Smart Money in China Cuts Back on Property
For years, Chinese property has been a sure bet for savvy investors looking to ride the country's economic surge. Now, some of the best-known names in Chinese investing are cutting back, at least for the present.
Yuan Hits 16-Month Low, Then Rebounds
China's yuan fell to its lowest level against the dollar in 16 months, but the losses were mostly reversed by the time the market closed as traders suspected the central bank bought yuan via large Chinese banks.
Alberta Fund Giant Benefits from Buoyant Equity Markets
Alberta Investment Management Corp. posted a 12.5% return last year, benefiting from improving equity markets as other big Canadian pension funds have done.
Japan Insurers Seek Yield Overseas
Japan's life insurers, some of the world's biggest investors, bought more foreign bonds last year as Abenomics drove yields on Japanese government debt to near record lows.
Newmont, Barrick Still in Contact After Aborted Merger Talks
Newmont Mining and Barrick Gold have had continuing contact since the two miners last week broke off talks to create a global mining giant, according to people familiar with the situation.
Euro Boosted by Bloc's Growth Data
The euro strengthened following signs that the economic recovery in the currency bloc is gathering momentum.
Macau Mogul to Raise Stake in Russia
A consortium backed by Lawrence Ho is planning to raise its stake in a casino project on the outskirts of Vladivostok as the gambling mogul expands his empire beyond Macau and into far eastern Russia.
China Trust-Sector Growth Slows
The growth of assets managed by China's trust companies moderated as the economy lost momentum and regulators stepped up supervision over the rapidly expanding "shadow-banking" sector.
Hess Sells Thai Assets for $1 Billion
Hess Corp. is selling its Thai assets for around $1 billion in the latest of a string of deals by U.S. companies as they switch focus back to North America.
Fund Eyes Beat-Up Chinese Stocks
While most investors are staying clear of China's poorly performing stocks, Value Partners Group, one of Asia's biggest homegrown money managers, is planning a fund to do the opposite.
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