July 22, 2016
Fund managers in the Asian nation bought a net 1.72 trillion yen of medium and long term debt abroad in the seven days ended July 15, the Ministry of Finance said. They bought a record 2.55 trillion yen of debt the previous week.
Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc, beating out rival bidders, people familiar with the matter said. Verizon is discussing a price close to a$5 billion for Yahoo's core Internet business.
The rally that sent global stocks to an eight month high this week showed further signs of losing steam as corporate earnings provided no clear signal on the strength of economic growth. The pound slid after business activity contracted after Brexit vote.
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