UK Five-Year Bond Sale Receives Record Demand at Auction
A sale of UK five-year debt was oversubscribed by a record amount, assuaging concerns that a glut of bond issuance this year may struggle to find demand.
A sale of UK five-year debt was oversubscribed by a record amount, assuaging concerns that a glut of bond issuance this year may struggle to find demand.
Gold fell — narrowing what is set to be its third straight month of gains — as investor focus turned to this week’s Federal Reserve rate-decision meeting at which policymakers are expected to strike a hawkish tone.
Cocoa extended a slump in London and New York, dropping 26% over the past two days, following a record-breaking rally.
Distressed Korean builder Taeyoung Engineering & Construction Co. won support from creditors to begin restructuring its debt, after it had rattled local markets at the start of the year.
Arnaud Lagardere, the French business scion who heads a publishing group now controlled by Vivendi SE, was charged with alleged embezzlement and will resign as chief executive officer of Lagardere SA.
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