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.
Bank of Japan Governor Haruhiko Kuroda has placed wage growth at the center of debate over whether potentially market-jolting policy change looms at the central bank after years of massive stimulus.
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.
Australia plans to drop the head of the British royal family from its five-dollar banknote in favor of a design that honors the culture of the country’s Indigenous people.
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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