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Worst Growth in Decade for India’s Corporate Bond Market Fuels Concern

There’s yet another sign that India’s push to quickly expand its corporate debt market is faltering, as borrowers turn more to banks already struggling with one of the world’s worst bad debt ratios.
OPEC's Top 3 Put Group on Track to Extend Oil Cuts in July

OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month to assess supply and demand for crude.
Gold Jumps to More Than 5-Year High as Fed Signals Ready to Cut

Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates.
Icelanders in Shock as Tourism Collapse Halts Economic Miracle

Gudrun Asta Gunnarsdottir found herself at ground zero of Iceland’s latest crisis. Four months into her second pregnancy, the 33-year-old check-in desk operator was told she was one of 315 workers being laid off at Reykjavik’s international airport.
Oil Finds Support on Tighter U.S. Supplies, Robust Gas Demand

Oil recovered to trade above $54 a barrel after a report showing a decline in U.S. crude supplies and record gasoline consumption and OPEC and its allies agreed an early July date to discuss extending production cuts.
Five Things You Need to Know to Start Your Day

Here are some of the things people in markets are talking about today.
PG&E Retiring the Power Line That Sparked Deadly Camp Fire

PG&E Corp., the California utility giant that went bankrupt in January amid crippling wildfire liabilities, has permanently retired the transmission line that sparked the deadliest fire in state history.
St. Louis Critic Provides Powell’s First Policy Dissent

Jerome Powell just suffered his first dissent since becoming Federal Reserve chairman and the opposing vote was cast by reliable policy dove James Bullard.
‘Avian Incident’ Knocks Out 84% of Massive California Solar Farm

An unexplained “avian incident” triggered a fire at one of California’s biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch’s generating capacity.
- Commodities
10:15

Trans Mountain CEO says shovels could be in ground on pipeline by September

The CEO of the Crown corporation building the Trans Mountain pipeline expansion says shovels could be in the ground by September following cabinet approval Tuesday of the long-delayed project.