BUSINESS
Distressed debt anxiety is spreading across emerging markets
A total of 21 emerging-market nations have sovereign dollar debt trading near distressed levels, as measured by their sovereign dollar bonds trading around a 1,000 basis-point premium to Treasuries, according to data compiled by Bloomberg.
WORLD
Air travel is back to pre-pandemic levels with new turbulence ahead
This week, global airline capacity is poised to finally surpass its corresponding 2019 levels, based on data from aviation analytics firm Cirium.
BUSINESS
Israel War: Hamas surprise attack shouldn't derail peace efforts
There is plenty of blame to go around. Netanyahu government’s attempts to transform the judiciary have needlessly riven Israeli society and distracted the military and security services. Its hardline policies in Jerusalem and occupied territories have fueled Palestinian anger and desperation, endangering Israelis far from the settlements
WORLD
Rate cliff awaits global economy after higher-for-longer plateau
That’s the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift will take only slightly longer to transpire before they too synchronize downwards.
BUSINESS
Oil jumps as Hamas’ attack on Israel fans Middle East tensions
West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.
BUSINESS
As Israel war rages, oil traders are focused on Iran
A retaliatory strike against the Islamic Republic would inflame fears over the Strait of Hormuz, the vital shipping artery which Tehran has previously threatened to shutter
BUSINESS
Stocks sink across Middle East as Israel goes to war with Hamas
Major equities gauges in the region fell Sunday, led by a 7% drop on Israel’s benchmark TA-35 stock index, its biggest loss in more than three years.
BUSINESS
Ozempic for weight loss is disrupting companies’ business model
Companies from Walmart Inc. to Conagra Brands Inc. are weighing how much to factor the diabetes drugs known as GLP-1s, increasingly being used for weight loss, into their strategies.
BUSINESS
US shutdown fears are back and nascent IPO rebound could get hit
BUSINESS
India central bank ups guardrails ahead of global index inflows
India's central bank enhances its tools to combat inflation as it prepares for its entry into a global bond index, potentially increasing price pressures.
BUSINESS
Disney said to be in talks with Adani, Sun TV to sell India business
Asset-sale talks have already been held with Reliance Industries Ltd., controlled by Asia’s richest person, Mukesh Ambani, Bloomberg News reported earlier on.
BUSINESS
Exxon in talks to buy shale driller Pioneer Natural for $60 billion, likely to be 2023's biggest deal
An agreement could be worth as much as $60 billion and may be completed in the coming days provided there are no complications, according to the Wall Street Journal, which first reported the talks on Thursday.
BUSINESS
Vedanta open to changing terms of proposal to delay bond payment
Some bondholders said they wanted more cash up front than what was offered by the company, said some of the people, who asked not to be named because the discussions are confidential
WORLD
Who is Anthony Pratt, the billionaire Donald Trump allegedly shared nuclear secrets with?
Here’s a quick rundown of what you need to know about Australia’s ‘cardboard king’.
WORLD
Exxon Mobil near $60 billion deal to buy Pioneer
A deal could be completed in the coming days provided there are no complications, according to the newspaper.
WORLD
Sam Bankman-Fried told MIT friend $8 billion hole meant FTX wasn’t ‘bulletproof’
Dressed in a gray suit and red tie, Wang didn’t make eye contact with Bankman-Fried as he entered the Manhattan courtroom Thursday afternoon to testify as a government witness.
WORLD
X to test three tiers of service in latest Elon Musk overhaul
The premium plan, which currently costs $7.99 a month, would be split into Basic, Standard and Plus variations as part of the effort, the company told debt holders during the briefing Thursday, according to a person who dialed into the call.
BUSINESS
Fed’s bid to avoid recession tested by yields nearing 20-year highs
The 10-year Treasury yields rose more than half a percentage point the past month to surpass 4.7%, which heightens the danger in the near-term of a financial blowup akin to the regional bank breakdown in March
TRAVEL
These are the cities where hotel rates are rising fastest
Buenos Aires takes this year’s crown, with rates that are set to jump by 17% year over year, according to the Hotel Monitor 2024 report
WORLD
Ozempic is making people buy less food, Walmart says
An increasing number of CEOs and investors are talking about how popular weight-loss drugs might change the economy and business.
BUSINESS
Oyo talking to Apollo for $660 million refinance as IPO delayed
Oravel Stays Pvt, as Oyo’s parent company is known, is seeking to extend maturity to five years compared with the existing 2026 deadline, one of the people said
WORLD
Record Heat Is Unleashing Deadly Floods From US to Libya
More than 100 people died across Asia during an intense monsoon season in July.
BUSINESS
UAE energy giant awards $17 billion gas expansion contracts
The biggest oil producer in the United Arab Emirates awarded contracts worth almost $17 billion to develop an offshore natural gas field along with a project to capture carbon dioxide emissions.
BUSINESS
Tata Group in advanced talks for Temasek’s Tata Play stake
Discussions are ongoing and there’s no certainty that Temasek and Tata Play will proceed with a deal, the people said. A Tata Group representative didn’t offer any immediate comment, while a Temasek spokesperson declined to comment.
