Bank of Japan Governor Haruhiko Kuroda backed “bullish” views on asset markets and said the nation could cope with rising interest rates after a one-day slump in the stock market last week and volatility in bonds.
Jordan plans to raise as much as $2 billion in bonds backed by the U.S. government this year as the Arab country seeks to shore up public finances amid an increasing influx of refugees from war-ravaged Syria.
IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.’s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.
Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.
Most emerging stocks fell, capping a second weekly drop, as a slump in commodities sank producers from OAO Gazprom to Vale SA. Hungary’s benchmark index jumped to a three-month high as the nation published its budget plans.
Nomura Holdings Inc., Morgan Stanley and JPMorgan Chase & Co. were selected as the lead banks to manage Suntory Beverage & Food Ltd.’s initial public offering, said two people with knowledge of the matter.
Glencore International Plc and Vitol SA, the world’s two biggest oil traders, raised $8.3 billion in loans to fund their crude-purchase deal with OAO Rosneft, according to three people with knowledge of the matter.