Another week of silence from Beijing on the fate of China Huarong Asset Management Co. is stoking renewed volatility in the company’s bonds, as traders juggle competing narratives about the prospect of a debt restructuring.
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Source: Bloomberg, 08:00
SoftBank Group Corp. is planning its second yen-denominated bond offering of 2021 after recently posting the biggest-ever quarterly profit by a Japanese company.
Gold steadied near the highest level in more than three months as investors awaited the release of minutes from the Federal Reserve’s meeting in April for a further steer on its views on the economy and inflation.
Source: Bloomberg, 07:40
John Malone, the billionaire investor and media executive, may see the value of his Discovery Inc. shares cut by almost $280 million as a result of its merger with AT&T Inc.’s media businesses -- a deal he vigorously supports.
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