Global COVID-19 death toll tops 2 million
The worldwide coronavirus death toll surpassed 2 million on Friday, according to a Reuters tally, as nations around the world are trying to procure multiple vaccines and detect new COVID-19 variants.
Davide Scigliuzzo
M&A bond binge fans debt worries
NEW YORK (IFR) - When Campbell Soup came to the investment-grade bond market in March with a $5.3 billion deal to finance its acquisition of Snyder's-Lance, investor response was lukewarm.
Tesla offers Fremont factory to boost liquidity -IFR News
NEW YORK, May 8 Tesla Inc has changed the terms of its borrowing agreement with banks to allow it to pledge its Fremont auto plant as collateral - a move seen by some analysts as an effort to boost liquidity, Thomson Reuters IFR reported.
MarketAxess allows Pimco to trade by its own rules
NEW YORK (IFR) - MarketAxess has granted Pimco a special arrangement that allows the bond giant to limit the information it shares on the electronic trading platform and take advantage of any off-market prices, three sources with knowledge of the matter told IFR.
CFTC steps into debate on voluntary defaults
MIAMI (IFR) - The top US regulator of the derivatives market has opened a new front in a battle over so-called intentional defaults that has dented confidence in the credit default swap market.
Senate strikes down guidance on discriminatory auto lending
NEW YORK (IFR) - The US Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher rates based on factors such as race or national origin.
Bond investors lukewarm on call to delay data
By Eleanor Duncan, Joy Wiltermuth, Davide Scigliuzzo and Shankar Ramakrishnan
Tesla bonds, stock plunge on probe and downgrade
NEW YORK (IFR) - Tesla saw its bonds and stocks fall sharply Tuesday on a double-dose of bad news: a downgrade from Moody's and word of an investigation into the fatal crash of one of its vehicles.
Uber hails loan investors directly
NEW YORK (IFR) - Uber is bringing its disruptive force to the leveraged loan market, approaching institutional investors directly on a new debt sale.
PDVSA bonds initially valued at 19.25 cents at CDS auction
NEW YORK, Dec 13 (IFR) - Bonds of Venezuela's PDVSA were valued at 19.25 cents on the dollar in the first stage of an auction Wednesday to determine the payout on credit default swaps tied to the state-owned oil company.
Exclusive: U.S. regulators offer Congress olive branch on loans
NEW YORK (LPC/IFR) - U.S. regulators said they are open to revising restrictions on leveraged lending, offering an olive branch to a GOP-controlled Congress keen to roll back banking regulations.