Virgin Australia Airlines Pty Ltd. is considering taking on new debt in order to hand cash to owner Bain Capital just months ahead of the airline’s prospective initial public offering, according to people familiar with the matter.
Federal Reserve Governor Lisa Cook said the US central bank was acting forcefully to curb inflation, though tightening policy in smaller steps was the right thing to do as officials move forward.
China’s great coal squeeze has notched up another victim, even as prices of the mineral show signs of moderating.
The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller report that sent the group’s assets tumbling.
Hedge funds that previously stayed clear of stocks and bonds linked to Gautam Adani’s empire are jumping in after a more than $100 billion wipeout in the group’s market value.
The high-altitude Chinese balloon that crossed over the US last week is just part of a years-long surveillance program with Beijing deploying such craft around the globe, the US said, as officials sought to draw new attention to what they say is an increasingly aggressive Chinese spying campaign.
China’s central bank may have more room to cut interest rates in the second quarter as the risk of another Covid wave looms in coming months and the US Federal Reserve ends its interest rate hikes, according to a prominent Chinese economist.
AGL Energy Ltd., Australia’s biggest polluter, said a string of unplanned outages at its aging coal-fired power plants led it to swing into a loss.
Group of Seven member states are discussing whether to sanction companies in China, Iran and North Korea they believe are providing Russia with parts and technology that have military purposes, according to people familiar with the matter.
President Joe Biden asserted in an interview that Vladimir Putin has “already lost Ukraine.”
