Borrowers in the US private debt market are using delayed interest payments and maturity extensions to avoid default, potentially masking the overall extent of credit stress, according to Moody’s Ratings.

Demand for compute and energy infrastructure will continue to outstrip supply through the end of the decade and beyond, creating opportunities for investors to finance the AI buildout, according to Brookfield Asset Management CEO Connor Teskey.

Private equity firms have room to keep piling debt onto portfolio companies to fund payouts as market volatility makes exits harder.

Even before the latest bout of political and economic turmoil, by one measure France had become Europe’s most distressed corporate market.

PureGym is seeking to raise £1.4 billion ($1.9 billion) from the high-yield bond market to refinance outstanding debt that may cut the gym operator’s borrowing costs.

The US has a complete lack of fiscal discipline, and efforts to push down long-term borrowing costs are unlikely to work unless the government addresses the country’s mounting deficit, according to Oaktree Capital Management co-founder Howard Marks.

Cocoa futures headed for a weekly decline, as the market grapples with the prospect of sufficient short-term supplies being followed by a deficit in the season ahead.

Simon Essah walks through his cocoa farm in southwest Ghana, pointing to trees scarred by black pod disease, the latest in a series of threats plaguing his crop this year.

White sugar futures in London rose for a third straight week, slightly outpacing raw sugar and keeping refining margins near their highest levels in two years.

Cocoa demand is expected to remain uneven across the world, suggesting the recovery remains fragile as renewed supply concerns push bean prices higher and threaten to keep chocolate pricier for longer.

The latest bout of volatility in the coffee market is set to linger, complicating the outlook for consumers hoping to see lower prices, according to Italian roaster Luigi Lavazza SpA.

A sudden burst of extreme price volatility in the coffee market has caught traders and analysts off-guard and left them bracing for more instability.

South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.

South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.

The cocoa crop in top grower Ivory Coast could fall by about a fifth in the next season as the number of pods on trees lags, risking tighter global supplies, according to traders surveyed by Bloomberg.

Moreton Capital Partners is shifting focus to extreme weather.

The growing threat posed by a so-called “super El Niño” to global food supplies is spurring the creation of a new commodities fund.

Coffee traders are betting Brazil’s record harvest will ease a global supply crunch, but farmers in the world’s top grower are in no hurry to sell beans, squeezing supplies in consuming countries.

Sugar futures fluctuated in New York as traders weighed ample Brazilian supplies against mounting El Niño risks that could tighten global supplies later this year.

Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers, part of an overhaul of the way it delivers the commodity to global buyers.