Private-equity firms are gaining a bigger share of the collateralized loan obligation market, with Apollo Global Management LLC rising to the second spot in the U.S. after failing to crack the top 10 in 2011, according to Moody’s Investors Service.
It’s Friday night at Claridge’s Hotel in central London and harried-looking bartenders are rushing to serve customers piled three-deep at the bar. Property investors are lining up too, not for the 16-pound ($25) mojitos and 27-pound glasses of Laurent Perrier Brut Rose champagne, but for the luxury hotels that can command such prices during an economic slowdown.
China International United Petroleum & Chemical Corp. , the country’s biggest oil trader, will halt diesel imports for a second month in February, according to a company official with knowledge of the plan.
China, the world’s biggest new-car market, may raise gasoline prices by 20 percent this year to promote energy efficiency, according to Mirae Asset Securities Co., straining once-subsidized drivers who paid less than Americans to fill their tanks barely two years ago.
China raised retail fuel prices for the second time this year after oil’s advance to a 30-month high undermined the government’s efforts to cap costs and cool inflation in the world’s second-largest economy.
Chinese coal for generating power is at its cheapest in eight months relative to Australia’s after the government in Beijing froze prices to curb inflation and the worst flooding in Queensland since 1974 disrupted imports.