View the supplement via the above reader or Click here to download the PDF. Want to get more? Subscribe or trial using the links below.
Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable. Next week, [...]
Lenders are poised to win concessions from central bank chiefs and global regulators over a debt limit they criticized as a blunt instrument that would penalize low-risk activities and curtail lending. To continue reading, click here.
Bloomberg Brief: Financial Regulation takes a look at global year-end actions regarding Basel III’s capital, liquidity and leverage standards. To continue reading, click here.
Pilgrim’s Pride has paid down or plans to repay a total $410 million of term loans as soon as April, said Treasurer Gustavo Biscardi. Click HERE for more.
The U.S. default rate will end this year at 2.3 percent, up from 2.2 percent at the end of 2013 and down from 2.7 percent in the third quarter, according to Moody’s. Europe is expected to see the biggest fall in defaults, to 2.1 percent at year-end, from 3.6 percent in the third quarter of 2013. Click [...]
Most sell-side strategists expect loan returns to beat bonds this year. BAML and JPMorgan disagree. Click HERE for more.
Skadden Arps, Davis Polk are up, Kirkland & Ellis is down. Click HERE for more.
by Brian Rye, Bloomberg Government The recently enacted Ryan-Murray budget deal removes user fees paid to the Food and Drug Administration from the threat of sequestration for two years, but the automatic budget cuts set to resume in fiscal 2016 will include these user fees. The Ryan-Murray budget deal, H.J.Res. 59, which President Barack Obama [...]
Click here to continue reading sample article.