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The Metropolitan Transportation Authority, which operates New York City’s subways, buses and commuter lines, cut a planned debt refinancing by about 40% as tax-exempt bond yields hovered near their highest levels in at least 15 years.
Creditors to Unsere Grüne Glasfaser have picked Lazard Inc to advise them in talks over the troubled fiber operator’s debt load.
Venezuela’s Economy Vice President Calixto Ortega said the publication of the country’s debt sustainability assessment was delayed by the massive twin earthquakes earlier this year but remains “a priority.”
Malaysians aged 30 and below bought some 5.4 billion ringgit (US$1.32 billion) worth of goods and services on short-term credit in the first half of this year, the country’s Finance Ministry has revealed. The ministry said it had recorded 65.9 million “buy now, pay later” (BNPL) purchases among younger consumers in the first six months of 2026 – equivalent to more than one in three, or 37.9 per cent, of total purchases nationwide. As of June 30, the outstanding BNPL financing balance among this...
Hong Kong police have arrested 20 people in connection with a cross-border prostitution syndicate that allegedly recruited women from Southeast Asia and required them to provide unpaid sexual services to repay travel debts. Police said on Tuesday that the syndicate paid for the women’s travel and accommodation but required them to provide sexual services 30 to 45 times without payment before they could earn money from prostitution. The women then had to hand over half their earnings. “This...
Uganda’s shilling is bearing the brunt of rising US yields and foreign-investor selling as offshore holders trim their exposure to local-currency bonds.