Genesis Energy bond investors have opted to sell 27.7 percent, or about $77.8 million, of the state-owned power company’s hybrid bonds rather than accept a lower interest rate. The company flagged in May that it would modify the bonds and trim the issue by about $75 million to $200 million after Standard & Poor’s changed its criteria for assessing the …

China’s Bright Dairy & Food can build its stake in Synlait Milk back up to 41 percent once the dairy processor has joined the stock exchange later this month. The Takeovers Panel granted an exemption to the Synlait Milk shareholder for Bright Dairy to keep its stake at 41 percent by purchasing shares on-market if the initial public offer diluted …

All eyes are set for the latest round of US corporate earnings after Federal Reserve Chairman Ben Bernanke finally managed to reassure investors that the central bank’s stimulus effort is not going to evaporate any time soon. Markets had been pricing in a tapering of the Fed’s US$85 billion a month bond-buying program since late May after Bernanke said as …