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Breaking news and analysis on global financial markets ( feed imported by https://press.coop )
Argentina Hinders Debt Swap by Not Offering Puts on Peso Bonds Argentina’s central bank isn’t offering put options for peso bonds the government is selling this week in a record debt swap, a move that’s discouraged private banks from participating in the deal, according to two people with direct knowledge. #press image
Real Estate, Infrastructure Losses Sap Ontario Teachers’ Returns Ontario Teachers’ Pension Plan gained 1.9% last year, underperforming its benchmark by a wide margin, as strong results in credit and stocks were overshadowed by losses in hard assets. #press image
Zimbabwe Says Scorching El Nino Pattern Is Withering Corn Crop Zimbabwe warned that farmland planted with corn has shrunk by 12% because of scorching El Niño weather patterns, threatening the nation’s food staple and potentially triggering surging prices and social unrest. #press image
Signa Unit Offers Creditors 30% Recovery in Restructuring Plan Signa Development Selection AG, the smaller of two main units in Rene Benko’s insolvent property group, is offering creditors 30% of their money back in a restructuring proposal. #press
Abu Dhabi’s $892 Billion Wealth Fund Boosts Private Credit Bets Abu Dhabi’s $892 billion sovereign wealth fund is upping its commitment to a real estate private credit fund, the latest sign that deep-pocketed Middle Eastern investors are looking to play a pivotal role in the asset class. #press image
Riksbank Governor Wants to Minimize Bitcoin in Financial Sector Sweden’s central bank governor seeks to keep Bitcoin trading away from the country’s financial system, warning about potential losses after the crypto currency has reached new all-time highs. #press image
CVC’s Beauty Chain Douglas Sets Terms for $991 Million IPO German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital Partners capitalizes on a rebound in European listings. #press image
ADM Revises Years of Internal Sales After Accounting Probe Archer-Daniels-Midland Co. revised its intersegment sales for the last three years following an internal probe into its financial reporting and disclosed a $137 million impairment charge related to its animal nutrition unit. The shares rose in early trading. #press image
Five Things You Need to Know to Start Your Day: Americas Good morning. Stocks rise before key CPI data, Bank of America upgrades its outlook for US earnings growth while Jamie Dimon punctures optimism over a soft landing. — David Goodman #press image