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Bloomberg Markets
A move by the National Pension Service to temporarily suspend portfolio rebalancing has fueled volatility in South Korea’s stock market and added pressure on the won, according to Barclays Plc.
Bloomberg Markets
Mattress maker Sleep Number Corp. has agreed to merge with Sleep Country Canada through a court-supervised process after years of weak demand and mounting financial pressure.
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NY Times Business
With more than 500 ships still stranded in the Persian Gulf, pressure on the shipowners and sailors is growing by the day.
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Bloomberg Markets
Deutsche Bank AG and Goldman Sachs Group Inc. are among banks that have lined up around €1.7 billion ($1.97 billion) of debt financing that will back Triton Partners’ acquisition of German gearbox-maker Flender GmbH.
Bloomberg Markets
China’s credit expansion held up better than expected in May, rebounding after a rare contraction in loans the previous month.