Discussions come amid probe into corruption at Banque du Liban Salameh is one of the world’s longest-tenured central bankers Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE Updated on March 5, 2021 at 10:32 AM PST This article is for subscribers only. The U.S. is considering sanctions against Lebanon’s long-serving central bank chief as a broader investigation into the alleged embezzlement of public funds in the country...

Two of the world’s richest sovereign wealth funds are interested in buying minority stakes in National Basketball Association teams, according to people familiar with the matter, in the latest example of how oil money from the Persian Gulf is pumping up values in global sports. Executives at Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority have expressed their interest in NBA ownership and are actively hunting for a possible match, said the people, who requested anonymity as...

iStock Martin Schubert, the pioneer of emerging-market debt swaps, is searching for the next Lionel Messi -- with the help of distressed notes. Poring over price charts as a political talk show plays in the background of his South Florida home, the 84-year-old investor is working out the fine points of an out-of-the-box trade combining two passions: bonds and sports. His latest deal hinges on finding young soccer stars in heavily indebted developing nations such as Argentina and Ecuador, then...

President Donald Trump’s clampdown on Cuba’s Communist government is part of an election-year strategy to keep Cuban-American voters in Florida in his column – but it could backfire in the must-win state. In recent weeks the administration has issued new sanctions and ordered Marriott International Inc. to stop operations there. Those actions are part of a policy that comes from the typical playbook for a Republican president facing re-election: make an appeal to influential Cuban-Americans...

LISTEN TO ARTICLE 2:20 SHARE THIS ARTICLE Share Tweet Post Email Photographer: Erica Canepa/Bloomberg Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a $65 billion restructuring deal, according to people familiar with the matter. The Ad Hoc Bondholder Group and Exchange Bondholder Group submitted an offer in which they agreed to accept losses on a net-present value basis of about 44% to 46%, said the...