Italian government bonds rose this week, with two-year yields reaching a two-month low, on optimism the nation’s political situation has stabilized after Prime Minister Enrico Letta won a confidence vote in parliament.
Abengoa SA, the largest developer of solar-thermal power plants, is seeking to raise about 385 million euros ($522 million) by offering American depositary receipts that will trade on the Nasdaq Stock Market.
U.S. stocks rose, paring a weekly decline in the Standard & Poor’s 500 Index, as optimism grew that lawmakers would reach a deal to end America’s budget standoff. Treasuries and gold fell while Italian bonds advanced.
YPF SA, Argentina’s largest energy company, surged to its highest value in more than two years as the country negotiates at least $1 billion of funding for a bond whose proceeds will be invested in oil and gas projects.
Vestas Wind Systems A/S and Suzlon Energy Ltd., the two biggest wind-turbine suppliers by sales, are losing market share in Brazil because they don’t use enough parts made in South America’s fastest-growing market.
Promotora de Informaciones SA is in talks with its creditor banks to convert part of the biggest Spanish media company’s debt into payment-in-kind notes, according to two people familiar with the matter.
Citigroup Inc., UBS AG and Barclays Plc are among banks seeking to provide more than A$1.5 billion ($1.4 billion) in financing to help Papua New Guinea maintain its holding in Oil Search Ltd., people with knowledge of the matter said.