Page 75 - Bon News Today

(Bloomberg) -- New Zealanders are starting to spend less in response to rising fuel prices and other living costs, according to a survey of Westpac customers.

(Bloomberg) -- Swedish truckmaker Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling 4 billion kronor ($423 million) that will have a negative impact on operating income.

(Bloomberg) -- Junk bond sales across Europe are experiencing their longest drought in over 10 years, as the Russian invasion of Ukraine and the prospect of rising interest rates neuter risk appetite.  A new corporate high-yield bond hasn’t priced in Europe since Feb. 10.

(Bloomberg) -- Paraguay could replace a significant portion of this year’s $130 million domestic bond program with more multilateral loans or global bonds to avoid paying high local interest rates.

(Bloomberg) -- Kenya plans to sell 375.6 billion shillings ($3.2 billion) worth of foreign bonds over the next two fiscal years, the National Treasury said. The government plans to raise 105.

(Bloomberg) -- The jury in the trial of former Goldman Sachs banker Roger Ng over the multibillion-dollar looting of 1MDB has reached a verdict. Ng is the only Goldman Sachs Group Inc. banker to to go trial in the global fraud, accused of taking $35.

(Bloomberg) -- SoFi Technologies Inc., which operates a business for refinancing educational debt, cut its guidance after President Joe Biden’s administration again extended the pause on student-loan payments. The lender’s shares slumped.

(Bloomberg) -- Lebanon reached a preliminary agreement with the International Monetary Fund for a $3 billion loan facility, the first sign in two years that authorities are serious about tackling the country’s worst financial crisis.

Pakistan’s central bank raised interest rates by 250 basis points following an emergency meeting, as escalating political chaos threatens to spill over into a fullblown economic crisis. The key rate now stands at 12.25%, State Bank of Pakistan said in a statement Thursday.

(Bloomberg) -- Kenya plans to pare back spending and step up efforts to collect more tax as it seeks to bring ballooning state debt under control. The budget deficit is projected to drop to 6.2% of gross domestic product in the year through June 2023, from an estimated 8.