LSE’s $27 billion deal rehabilitates Refinitiv debt

Financial data firm Refinitiv’s $13.5 billion debt, once described as having some of the weakest-ever investor protections typical of the frothy peak of the credit cycle, is being rehabilitated by its $27 billion merger with the London Stock Exchange. Prices of Refinitiv’s [RFT.UL] bonds hit all-time highs Thursday after the LSE formally announced the acquisition […]

Continue Reading

Free-spending consumers lift company profits, but Trump tariffs now loom

U.S. President Donald Trump’s plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products Several major U.S. companies, from General Motors to KFC-owner Yum! Brands, defied analysts’ sluggish earnings forecasts. Refinitiv analysts said on […]

Continue Reading