US corporate bond sales hit $95bn in busiest week since Covid pandemic
Companies in new year borrowing rush ahead of expected glut of issuance to fund AI-related spending
Economic news
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Indian oil refiners see opportunity in Trump’s Venezuela action
Groups including Reliance stand to benefit as they seek low-cost alternative to sanctioned Russian supply
US could ease sanctions on Venezuela next week, says Bessent
Trump is seeking to convince sceptical US oil companies to invest in Latin American nation after overthrow of Maduro
UK’s ‘star’ stockpickers underperform as they fail to beat cash
Active managers such as Nick Train and Terry Smith have struggled amid the rise of passive funds and US tech stocks
Do gummy bears and cocktails count as reasonable legal costs?
JPMorgan seeks to rein in expenses related to legal action on fraud claims over a fintech start-up it acquired