Billionaire Agarwal Shakes Up Vedanta Empire as Debt Bill Looms
Billionaire Anil Agarwal’s Vedanta Ltd. has announced plans to overhaul the tycoon’s sprawling conglomerate as part of efforts to reduce a multibillion dollar debt load.
Billionaire Anil Agarwal’s Vedanta Ltd. has announced plans to overhaul the tycoon’s sprawling conglomerate as part of efforts to reduce a multibillion dollar debt load.
Rising interest rates in the US and Europe are forcing environmentally focused investors to rethink a market long-considered a laggard on everything ESG: Asia.
Sweden’s central bank just handed the krona a lifeline. The question now is whether the rally has legs.
Thailand will reduce sales of long-tenor debt in favor of shorter notes to soothe investors worried about its plan to lift sovereign borrowing to a three-year high, according to the nation’s debt office.
Marathon Asset Management is expanding its private credit team as the $23 billion asset manager looks to position itself for upcoming market turmoil.
UBS Group AG is in talks with the Mozambican government to forgive as much as $100 million of debt as part of a settlement over Credit Suisse’s role in a financing scandal in the African nation, according to people with knowledge of the matter.
Winds Exploration and Production LLC, a Houston-based company, said it plans to start building a $300 million power and fertilizer complex in a year’s time using methane trapped under the Democratic Republic of Congo’s Lake Kivu.
The European Central Bank may not need to raise interest rates further as signs are increasing that inflation is moving back to its 2% target, according to Governing Council member Bostjan Vasle.
Businesses invested more in the UK over the past year than previously thought as they took advantage of the government’s super-deduction tax break before it expired in March.
A rare, relatively unknown technicality in the Treasury futures market stands to unleash fresh momentum in the selloff of US government bonds.