Picture a life without the baggage of the past. In the U.K., smaller banks are showing established rivals how that could be.
Puerto Rico’s power authority said Wednesday that it agreed to the terms of a restructuring plan with a group of bondholders, who are slated to receive 85% of the value of their existing bonds.
Even if China’s car market improves, auto makers will leave little for the dealers, such as Hong Kong-listed Zhongsheng Group.
Global stock markets rebounded slightly though investors remained cautious amid lasting concerns over China’s economy.
Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.