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Credit ratings agency Moody's on Thursday upgraded Argentina's rating to 'Caa1' from 'Caa3,' citing improved liquidity and external financing support under a new IMF program. The agency revised its outlook on the South American country to 'stable' from 'positive'.

Japan must be mindful of the risk of a credit rating downgrade if an expansion in public debt runs out of control, the head of the country's banking lobby said, as lawmakers ramp up calls for big spending ahead of an upper house election on Sunday.

Global rating agency S&P downgraded Nippon Steel to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese steelmaker's acquisition of U.S. Steel last month.

Global rating agency S&P downgraded Nippon Steel (NISTF) to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese steelmaker's acquisition of U.S. Steel last month.

Carnival PLC (CUK): * CARNIVAL CORPORATION & PLC ANNOUNCES CLOSING OF $3.0 BILLION 5.75% SENIOR UNSECURED NOTES OFFERING.

Carnival PLC (CUK): * CARNIVAL CORPORATION (CCL) & PLC ANNOUNCES CLOSING OF $3.0 BILLION 5.75% SENIOR UNSECURED NOTES OFFERING. * Carnival PLC (CUK) - PROCEEDS TO REDEEM $2.4 BILLION NOTES DUE 2027 Source text: Further company coverage:

Mizrahi Tefahot, Israel's third-largest bank, said on Wednesday it raised 4.5 billion shekels in a bond offering to institutional investors. The bank initially had planned on raising 2.3 billion shekels in debt through three instruments - a new commercial paper series, an expansion of a shekel-denominated series and an expansion of an inflation-linked subordinated notes series.

-Diageo CEO Debra Crew has stepped down after two years in the job, the world's biggest spirits maker said on Wednesday, with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt.

Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage among buyers are likely to restrain growth in deals for now.

* * Diageo (DEO) maintains fiscal 2025 and 2026 forecasts. * Shares up 4.5% before paring gains. By Pushkala Aripaka and Emma Rumney. July 16 - Diageo CEO Debra Crew has stepped down after two years in the job, the world's biggest spirits maker said on Wednesday, with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt.