Private equity group brings on executive as part of succession plan for chief Rob Lucas

American military hit ‘multiple’ ships linked to Iran’s Revolutionary Guards in response to more attempted missile attacks on a US Navy warship

Investment-grade designation would unlock cheaper financing for AI labs and their infrastructure partners

German fitness company has become a global phenomenon since the Covid pandemic

Thirty-year gilts priced at a yield of 5.82%, underscoring pressure on public finances from global bond sell-off

Private equity group swoops for unit of London-listed engineering group

Attacks threaten to open another front in war engulfing Middle East

FAFOing in creditland

German lender’s unit will become Deutsche Asset Management, reversing a decision made ahead of its IPO

Tough crowd

Issuance of ‘dim sum’ and ‘panda’ bonds rises past $149bn so far this year

US academics have calculated the price that the private equity group’s portfolio companies pay for its reputation

Divergent reactions underline the importance of the narrative behind rate rises

Reputation for harsh treatment of creditors costs group about one percentage point in higher borrowing costs, research shows

Many countries now spend more on debt servicing than defence, including the US, France and the UK

Informal conventions on restructurings need to give way to clearer international rules

A group of seafaring nations has warned that the rules of the sea are at risk of collapsing following the Iran war and the rise of shadow fleets.

Israel’s Navitas Petroleum faces complaint as Javier Milei escalates sovereignty dispute

Japanese currency strengthens to below ¥154 per dollar, extending gains after steep rise in London

Crude is helping to make clean technologies more competitive