India’s Shapoorji Pallonji Group is in talks to raise $1.6 billion via a private credit facility, according to people familiar with the matter, as conglomerate controlled by billionaire Shapoor Mistry looks to raise cash.
The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to Chief Executive Officer Matthew Chamberlain.
SAS AB won backing from a US court to secure fresh capital from investors as the Scandinavian airline seeks to emerge from its bankruptcy filing.
“Whether it will be one more hike, two more hikes, I can’t say, that will depend on the forecasts for inflation, the forecasts for financial conditions in the euro zone,” Greece’s Naftemporiki cites ECB’s Governing Council member Yannis Stournaras as saying in an interview with Naftemporiki TV.
The Japanese government will allow seven of the nation’s major power companies to raise household electricity prices from June, a move that will support corporate earnings while adding to inflationary pressures.
Tesla Inc. is nearing the final stages before starting trial production of its revamped Model 3 sedan in Shanghai, according to people familiar with the matter, which Elon Musk is betting will compete more effectively with Chinese rivals.
Traders accustomed to aggressive interest-rate hikes across Asia are now seeking to gauge when the region’s central banks will begin cutting, a pivot that would potentially support a nascent rally in bonds.
Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb dealmaking, people familiar with the matter said.
Stellantis NV Chairman John Elkann credits former Fiat boss Sergio Marchionne with salvaging Italy’s auto industry and rejects years of criticism over the manufacturer progressively paring back its presence in the country.
The initial public offering of Adnoc Logistics & Services got enough orders to cover all shares within minutes, showing continued strong demand for listings in the Middle East.
