Radiant World Sent Lender Fake Glencore Deals, Lawsuit Says

Iron ore trader Radiant World used Glencore invoices that had already been paid, supported by fake contracts, in order to raise $31.7 million, a lender alleged in a filing to Singapore’s High Court. The disclosure — in papers filed by Singapore-based Incomlend Pte.,...

US 30-Year Bond Enters September on Worst Stretch Since 2006

Not since 2006 have yields on the longest-maturity Treasuries been this high for this long, with a gaping budget deficit, another wave of corporate issuance and a potentially decisive Federal Reserve meeting set to keep investors wary of US debt in coming weeks. The...