Distressed Indonesian carrier Sriwijaya Air won approval from creditors to restructure debt in a court-assisted process, the latest example of how the Covid crisis continues to reverberate even as travel bounces back.
Carlyle Group Inc. and Trustar Capital are seeking a partial exit from McDonald’s Corp.’s operations in Hong Kong and mainland China, people familiar with the matter said, in a deal that would raise $4 billion.
The dollar has defied predictions of a prolonged slump since at least the beginning of the year but top money managers say it’s now on borrowed time as US exceptionalism wanes.
A higher-than-expected India inflation reading in June has prompted some economists to raise their forecasts for consumer price gains for the year, cementing expectations the central bank will take more time to pivot to rate cuts.
Pakistan won final approval to borrow $3 billion from the International Monetary Fund, unlocking long-awaited lending that will help ease the nation’s dire need for cash and rescue its economy.
Two recent high-profile deals are reigniting concerns over potential insider trading in Hong Kong’s $5.1 trillion stock market, with investors calling for tighter enforcement by the regulators.
China should ramp up government borrowing, offer more tax breaks to businesses and keep cutting interest rates to revive the economy and stem rising unemployment.
Private equity firm CapVest Partners has agreed to acquire UK software provider Kerridge Commercial Systems Ltd.
The world’s biggest global climate fund has made its largest bid yet to encourage private investors to spend money on water projects in countries hit by climate change.
Australia’s government risks compromising the Reserve Bank’s independence if it names a career bureaucrat as the next governor, opposition leader Peter Dutton said, with an announcement due by the end of the month.
