Berkshire Hathaway Inc. priced yen-denominated bonds on Thursday, joining a global surge in debt issuance during the past month by companies facing a worldwide recession.
India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter.
Philippines Finance Secretary Carlos Dominguez said the economy’s best-case scenario this year is for zero growth, while the government’s massive spending to fight the pandemic will bloat the budget deficit.
Equity investors have kept some high-flying companies alive. But a slew of Chinese corporate accounting scandals will hurt debtholders, too.
The Bank of Korea left its key interest rate unchanged, taking a wait-and-see approach after last month’s unprecedented steps to cushion the impact of the coronavirus pandemic.
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