European finance ministers made few concessions to break a deadlock on a bank-failure bill, as the European Central Bank warned that failure to enact it would hinder efforts to combat fragmentation of the financial sector.
Irish government bonds rose, pushing 10-year yields to a record low, as Europe’s most- indebted nations extend their access to funding markets that are thawing as the region’s four-year financial crisis abates.
Billionaire investor George Soros said Europe faces 25 years of Japanese-style stagnation unless politicians pursue further integration of the currency bloc and change policies that have discouraged banks from lending.
Holders of bonds sold by Shanghai Chaori Solar Energy Science & Technology Co. will consider a lawsuit to force payment after the company became the first to default on onshore corporate debt in China.
Investors are accepting the lowest yields on German bunds relative to Treasuries in more than seven years as the European Central Bank nourishes the euro-area recovery with a pledge to keep interest rates subdued.
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.