House Speaker Kevin McCarthy acknowledged that the debt-ceiling deal negotiated with the White House is likely to face some Republican resistance while touting the accord as a shift in spending policy that bears his party’s stamp.
InfraBuild Australia Pty, part of Sanjeev Gupta’s metals empire, has secured an asset-backed term loan for $350 million to finance acquisitions of Gupta steel assets in the US.
Bond traders look set to pivot from worrying the US wouldn’t raise its debt limit to fretting about what the increase means for money markets.
Russia’s ambassador to the UK warned of an escalation to the war in Ukraine as Britain and other Western allies commit increasingly advanced weapons to aid Kyiv. Speaking on the BBC, Andrei Kelin said the actions of NATO countries, and “especially” the UK, risk lengthening and triggering a “new dimension” to the war. Moscow hasn’t yet started to “act very seriously,” the diplomat said.
A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.
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