Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities that would have cash flow linked to the nation’s future growth, according to people familiar with the matter.
Turkey’s central bank asked commercial lenders last week to use a dual foreign-exchange rate for transactions with companies, the latest step in its bid to ease pressure on the lira.
A missing radioactive capsule that sparked health fears in Thailand and a days-long search has been found and likely crushed, according to local authorities.
Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
The Nigerian ruling party’s candidate retained the governorship of the nation’s commercial hub in a violence-marred election.
UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.
Demand for some of the world’s safest securities surged after a government-brokered rescue deal of Credit Suisse Group AG failed to assuage concerns that stress in the banking system could spread.
Lim Kwang Ming, a managing director at HSBC Holdings Plc’s investment bank in Singapore, is leaving the company after serving almost 16 years, according to people with knowledge of the matter.
Pakistan’s government is planning to raise fuel prices for wealthier motorists that will fund a direct petrol subsidy for lower income groups while it continues to negotiate with the International Monetary Fund to revive a $6.5 billion bailout.
Automaker’s ambition to eliminate use of the materials in future models is focusing attention on the field of potential alternatives.
