July 25, 2016
Bond traders are betting Federal Reserve policy makers this week will acknowledge a bevy of indicators showing economic and financial-market strength, bolstering the case for an interest-rate increase this year.
Verizon Communications Inc. agreed to buy Yahoo! Inc.'s web assets for $4.83 billion, ending the company's two decade run as an independent business that started from a Stanford University startup at the dawn of the internet age.
Agricultural Bank of China Ltd. is planning China's largest sale so far under a trial program for lenders to offload bad loans by packaging them up as asset-backed securities. The lender plans to sell securities backed by 10.7 billion yuan ($1.6 billion).
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