Europe’s junk debt market has become so selective that only the most well known borrowers are able to sell bonds -- and even they have to offer sky-high rates. It’s a worrying sign for other issuers that aim to tap the market, and for banks on financing deals.
OPEC+ is considering its biggest production cut since 2020, a move Washington is trying to head off with furious diplomatic efforts.
Edotco Group Sdn., the wireless tower business of Malaysian telecommunications group Axiata Group Bhd., is considering raising as much as $700 million in loans, according to people familiar with the matter.
Oil held a two-day surge before an OPEC+ meeting at which the alliance is considering the biggest supply cut since 2020 to revive prices.
The European Union backed a new package of sanctions against Russia that includes support for a price cap on oil sales to third countries.
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