US Mortgage Bond Funds Suffer One of Worst Outflows Since 2021Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility.
Mall of Berlin Lenders Eye Debt Sale as Owners Try to RefinanceCreditors of the struggling Mall of Berlin are looking to sell about €550 million ($615 million) of debt they had extended to the sprawling shopping complex in the heart of the German capital, while its owners are also trying to get a refinancing over the line.
Credit Agricole Weighs Hedging Risky Debt in Car Dealer SRTCredit Agricole SA is considering offloading credit risk linked to lending to European car dealerships grappling with cost pressures and the transition to electric vehicles.
Morgan Stanley Traders Pitch Travelodge’s Unloved Bonds as a BuyMorgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt this year.
Singapore Exchange Woos European Traders with New Futures WindowSingapore Exchange Ltd. is aiming to make it easier for European investors to trade Asian bonds during their own working day.
RBI’s Historic Rupee Defense Spurs Bets 97 Per Dollar Is FloorIndia’s most aggressive currency defense in more than a decade is telling market watchers that the central bank is prepared to pull out all the stops to keep the rupee from weakening beyond 97 per dollar.
Indian Rupee Jumps on RBI Steps to Support Currency; Bonds FallThe Indian rupee strengthened the most in six months after the central bank took some of its strongest measures to bolster the currency since the 2013 taper tantrum.
Gold Edges Down as Traders Monitor Oil Prices, Fed Rate OutlookGold edged down from the highest in a week, as traders assessed swings in oil prices while waiting for economic data for clues on the US Federal Reserve’s interest-rate path.
McKinsey’s Kutcher Emerges As Early Favorite for Global Chief in Upcoming VoteMcKinsey & Co.’s North American head Eric Kutcher is emerging as an early contender to lead the consulting giant as Bob Sternfels’ term as global managing partner comes to an end next year.
Demand for Crude Oil May Have Peaked Last Year, FGE SaysDemand for crude oil may have peaked in 2025, partly as higher need for fuels is increasingly met by biofuels, according to FGE NexantECA.
Ashley’s Frasers Boosts Position in UK Luxury Brand BurberryFrasers Group Plc increased its stake in Burberry Group Plc, putting it on track to be the brand’s biggest investor in billionaire Mike Ashley’s latest bet on a rival.
Goldman’s $2.3 Billion Deal Puts Tax-Smart ETFs Under ScrutinyWhen Goldman Sachs Group Inc. buys boutique ETF provider Neos Investments, it’ll acquire not only some of the hottest derivative-income funds around, but also products that are testing how decades-old laws are applied to Wall Street’s new generation of tax-optimizing strategies.
Hackers Hit French Supermarkets, Disabling Fridges and FreezersHundreds of supermarkets in France were targeted by cyberattacks on Sunday night, disabling refrigeration systems and forcing stores to throw out damaged food.