Your Daily Dose of Financial News


The latest on the economic woes on Venezuela, including the status of the country’s bonds and the foreign investors that they’ve attracted (and who are now selling) – NYTimes and WSJ

A recent slump in the junk-bond market prompted some Wall Street watchers to warn about a broader bear turn in the markets.  The Journal, however, thinks it was more a product of the particular industry—telecom—where the bond selloff was focused and not indicative of a wider trend – WSJ and Bloomberg

The Times considers why companies love going officially bust in the federal bankruptcy court in Richmond, Virginia. A combination of speed, the expertise of the bench, and corporate-friendly precedent are all part of the equation – NYTimes

Yet another financial regulatory heavyweight on his way out the door is warning about loosening post-crisis regulations – WSJ and Law360

Airbus is reportedly on the verge of a $40 billion deal with airline investor Indigo Partners that would “provide upgraded single-aisle jetliners to boost the fleets of ultra-low-cost carriers from Denver to Budapest” – Bloomberg

HSBC has agreed to pay French authorities $352 million to resolve claims that it helped clients evade taxes in France and put to bed a 3-year-old inquiry – WSJ and Law360

US household debt is up another $116 billion, with a major uptick in seriously delinquent credit-card debt leading the list of worries – MarketWatch

SoftBank’s dual-price strategy in amassing its 14% stake in Uber (paying one price for new stock and another for existing stock) raises a legitimate question about the actual worth of the ride-hailing company – WSJ

We’re about a week away… Seems like a good time to brush up on those roasting skills – NYTimes


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