Bed Bath & Beyond Inc., the financially strapped home-goods retailer, missed interest payments on its bonds, a week after receiving a default notice from lenders.
Asian shares advanced with US and Europe futures on Thursday, extending a rally on Wall Street after Federal Reserve Chair Jerome Powell said the central bank had made progress in its battle against inflation.
Chinese President Xi Jinping called for enhanced efforts to boost consumption in order to realize a virtuous economic cycle, as the world’s second largest economy gradually recovers from Covid Zero.
An investigation into a flame that erupted on a tanker carrying the first-ever liquid hydrogen shipment shortly after it was loaded in Australia last year found that a gas control malfunction on the vessel sparked the incident.
The conglomerate backed by Indian tycoon Gautam Adani has $34.7 million of coupon payments due this week on its dollar bonds, most of which have plunged to distressed levels as fallout spreads from a US short seller’s allegations of fraud and market manipulation.
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