Investing

Bond prices firm on Spanish bank worries

Government debt prices rose on Tuesday as worries about contagion over the deterioration of Spain's banking system stoked demand for bonds and other low-risk investments.

Brazil's PDG Realty shares rise on new offer

Shares of PDG Realty, Brazil's largest home building company, rose on Monday following an offer from a local private-equity firm.

TEXT-S&P summary: Japan Retail Fund Investment Corp.

These strengths, however, are tempered by JRF's somewhat weak financial profile compared with its business profile, given that its debt-to-capital ratio remains slightly high, at a level near the upper end of the target range set under its financial policy. We view this as a risk factor for the J-REIT's credit quality.