Here is a brief of some of the major news that we are following across global markets.
Amazon Raises $18.5 Billion in Bonds
Amazon has issued bonds worth $18.5 billion and the proceeds are aimed at refinancing debt and buying back the company’s stock.
The $18.5 billion bond sale would be Amazon’s biggest sale in history. The company had initially targeted – between $15 billion and $16 billion.
The proceeds will also be used for general corporate purposes, as well as for acquisitions and working capital. The two-year bond could fund environmental and social projects, including clean transportation, renewable energy, and sustainable buildings.
Global Markets; Crypto News
The Indonesian government is planning to implement taxes on the trading of cryptocurrencies, tax office spokesman Neilmaldrin Noor revealed on Tuesday.
“It is important to know that… if there is a profit or capital gain generated from a transaction, the profit is an object of income tax,” Neilmaldrin said.” Neilmaldrin was quoted by Reuters.
Meanwhile, the United States Securities and Exchange Commission (SEC) has warned investors about the volatility of the Bitcoin and Bitcoin futures market before making any investments.
The regulator in a notice said that traders “should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment,” adding that before investing in a mutual fund that has exposure to the cryptocurrency they need to “carefully consider the risk disclosure of the fund, the investor’s own risk tolerance, and the possibility, as with all investing, of investor loss.”
READ; Kenya’s Regulator Readies for Crypto Assets
