Germany’s biggest utilities face dwindling market shares as the shift to renewable energy spurs regional power generation and storage technology, a senior member of Chancellor Angela Merkel’s party said.
The performance of global hedge funds investing in distressed debt dropped to its weakest level in seven months in March as Treasury yields increased and emerging-market concerns mounted, according to Eurekahedge Pte.
All the excitement about the surprise 2014 rally in commodities must be making copper traders wonder if they’re living in the same year. Copper is down about 9.8 percent, the biggest drop among the main six materials on the London Metal Exchange.
China Citic Bank International Ltd. and Aluminum Corp. of China Ltd. are marketing sales of dollar- denominated securities with no fixed maturity as bond risk in Asia slides to the lowest in almost seven months.
Investors in high-yield bonds from China, the majority of which come from the real estate industry, aren’t being paid enough for assuming the risk of economic slowdown and defaults, Goldman Sachs Group Inc. said.
China’s first default is prompting investors to discriminate against privately-owned companies, boosting demand for local government bonds even as the central bank warns of the dangers of a $2.9 trillion pile of debt.
Shanghai Chaori Solar Energy Science & Technology Co. fell by the daily limit after its stock resumed trading for the first time since its bond default. A Chinese textile company with junk debt entered bankruptcy.