At least US$2.6bn of junk-rated bonds are expected to hit the market over the next couple of weeks as companies approach funding deadlines for pending acquisitions. Source: IFR
Supreme leader rejects Trump’s offer as foreign minister questions whether US president is ‘serious about talks’. Source: Al Jazeera
Elon Musk said Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla Inc. private, as the chief executive sought to explain his claim to have funding for a possible deal. Source: The Wall Street Journal
PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the U.S. and China, according to people with knowledge of the strategy. Source: Bloomberg
