Bloomberg Business

New York’s Metropolitan Transportation Authority, the largest US public transit system, faces deficits that may grow to $918 million in 2029 after federal funding runs out, according to the Citizens Budget Commission, a watchdog group.

The African Development Bank Group is in discussions to back a new debt-for-nature swap, marking its entry into a fast-growing corner of the sustainable debt market.

The US economy has a better chance of avoiding a recession in the next 12 months following recent positive data on economic activity and inflation, according to Jan Hatzius, the chief economist at Goldman Sachs Group Inc.

PJT Partners Inc. has hired former Centerview Partners banker Roland Phillips for consumer dealmaking, according to people with knowledge of the matter.

China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and complete one of the country’s biggest debt restructurings.

Rothschild & Co. is facing pressure from some bondholders who want the bank to repurchase a deeply discounted bond sold almost 40 years ago.

Cremations in one of China’s most populous provinces surged by 72.7% year-on-year in the first quarter, local media reported, providing a rare insight into the scale of mortality due to the government’s sudden relaxation of coronavirus restrictions in December.