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What Are Kangaroo Bonds? Why Alphabet Is Borrowing Billions in Australia

Australia’s bond market is drawing increased interest from overseas borrowers. That includes Google’s parent Alphabet Inc., which issued debt in the country for the first time in August to help fund its AI spending. The technology giant raised A$5.5 billion ($3.9 billion) by selling so-called Kangaroo bonds.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Indian rupee battles oil, hedging drag; RBI shield, weak dollar cushion fall

MUMBAI: The Indian rupee is expected to come under pressure on Friday , dragged by rising crude oil prices and persistent dollar demand from importers looking to hedge their foreign currency exposure. However, traders anticipate that the Reserve Bank of India’s ongoing intervention, a daily feature in recent sessions, and a broadly weaker…

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