Page 120 - Bon News Today

(Bloomberg) -- Moody’s Investors Service said Tuesday its credit rating for El Salvador remains unchanged after President Nayib Bukele appeared to take as fact an inaccurate tweet saying that the country was downgraded.

(Bloomberg) -- A rebound in the world’s reserve currency could choke the current rally of its peers in emerging markets. That’s the view of Brendan McKenna, a Wells Fargo Securities strategist who expects investors to flock to the U.S.

HONG KONG: China’s debt-saddled property developers have seen their offshore bonds lose US$82bil (RM343bil) in value, and more losses and defaults are likely, analysts at Bloomberg Intelligence say.

(Bloomberg) -- Update: Cruise operator Genting Hong Kong has filed to wind up the company. Troubled cruise operator Genting Hong Kong Ltd. has filed to wind up the company, putting the spotlight on what support its lead shareholder Lim Kok Thay may provide.

(Bloomberg) -- Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country.

Track the global equity, currency & commodity markets here.

(Bloomberg) -- The world’s youngest republic, Barbados, is holding snap elections Wednesday in which the ruling party is seeking a fresh mandate to guide the island out of a deep economic slump.

(Bloomberg) -- U.S. biotech billionaire Patrick Soon-Shiong on Wednesday launched a plant that will produce a billion Covid-19 vaccine doses in Cape Town by 2025, fulfilling a longtime plan to help bring greater health equity to the country of his birth.

(Bloomberg) -- Banks are preparing to launch a $10 billion jumbo financing backing the leveraged buyout of cybersecurity software maker McAfee Corp., according to people with knowledge of the transaction. An investor group led by Advent International Corp.

(Bloomberg) -- Rapidly rising yields have dragged junk bonds down by the most since the pandemic started, led by the highest-rated bonds, which face record losses.  The Bloomberg U.S. Corporate High Yield Bond Index is down 1.