Ukrainian corporate bonds yielding at least double emerging-market peers are luring investors from Landesbank Berlin Investment GmbH to Otkritie Capital on speculation the selloff triggered by street protests will fade.
Orco Property Group SA, a developer with assets in central and eastern Europe, is battling shareholders over its German unit’s capital increase and a new share sale to billionaire Radovan Vitek, the largest owner.
Slovenia may release results of tests on its banking industry earlier than previously announced, and the country does not need to borrow more funds to fix its ailing lenders, Finance Minister Uros Cufer said.
Ukraine’s dollar debt due in June fell, set for a second weekly slide, on speculation the eastern European country’s risk of default is intensifying as the biggest street protests since 2004 continue and reserves slump.
Emerging-market stocks rose, snapping a three-day drop, as ICICI Bank Ltd. jumped on speculation India’s opposition party will take over government. The rand sank amid the longest South African bond slide in 15 years.
The Czech Republic’s ambition to secure future energy independence with a $15 billion nuclear expansion will be thwarted unless the state guarantees a price for the power, the country’s largest electricity producer said.
Winds exceeding 100 miles an hour and heavy rain battered Scotland and parts of England, killing a truck driver and disrupting rail services as storms sweep across the North Atlantic and the North Sea.
Emerging-market stocks declined to a three-week low after better-than-estimated U.S. data bolstered speculation the Federal Reserve will reduce stimulus. South Africa’s rand slumped to the lowest level since 2009.
Orco Property Group SA fell the most in 15 months as asset writedowns worth more than half the central European developer’s market value sparked the deepest loss since the company got protection from creditors in 2009.