Cautious stance: Vehicles are seen for sale at a Land Rover dealership in Houston, Texas. The UK manufacturer is pausing shipments of cars to the United States this month as it addresses new trading terms. — AFP
WASHINGTON: Company debt sales have ground to a halt in the United States as markets across the globe show increasing fear of President Donald Trump’s escalating trade war triggering a global recession.
A US$1.1bil leveraged loan sale that was meant to help finance HIG Capital LLC’s purchase of Canadian firm Converge Technology Solutions Corp, was put on pause, according to people with knowledge of the matter.
