MACROSTORY 607· JULY 30, 2026

Blackstone Private Credit Fund's payment-in-kind income held at 5.6% of total in second quarter

When a borrower skips a cash interest payment and hands the lender more debt instead, rolling what is owed back into the loan balance, that arrangement is called payment-in-kind, or PIK. Blackstone Private Credit Fund disclosed that PIK…

NDNewsDialy Desk1 MIN READ

← PREVIOUS STORY 606Prime Drink extends private placement and delays annual financial filing NEXT STORY 608 →Trump wants Iran tariffs attached to Russia sanctions bill, calling U.S.-Iran trade 'trivial'

Keep reading

More from the desk.

23MACRO

BRICS nations agree to condemn unilateral war; formal vote set for Saturday

A joint declaration is a formal statement that every member country must accept before it carries weight. BRICS members have reached agreement on one: language condemning unilateral war by any country, four sources say. Formal approval by…

macro2 MIN

27MACRO

Bank of Japan cuts government bond holdings by a record 47.8 trillion yen

Japan's central bank shed more of its bond stockpile in a single year than it ever has before. The Bank of Japan's holdings of Japanese Government Bonds (debt the national government issues

macro1 MIN

28MACRO

Seoul's incoming defense chief says South Korea will reclaim wartime command with no new conditions

Seoul is moving to reclaim wartime command of its military forces from the United States, and South Korea's defense minister nominee says the country will pursue that goal under a principle of "no added conditions." Wartime operational…

macro1 MIN

Tomorrow · 06:00

Start tomorrow already ahead.

Five stories, a two-minute read, zero noise — the world before your first coffee.

Get the 6AM brief Back to the desk