Soy sauce maker Jonjee Hi-Tech Industrial and Commercial Holding Co.’s controlling shareholders are considering bringing in strategic investors after purging the board backed by the previous owner, according to people familiar with the matter.
(Bloomberg) — It’s unclear whether the European Central Bank has lifted borrowing costs to their peak, with the persistence of inflation meaning further hikes can’t be excluded, according to Governing Council member Robert Holzmann.
Investment banks and direct-lending funds are competing to provide as much as €4 billion ($4.2 billion) of debt to finance a potential take-private of European classifieds company Adevinta ASA, people with knowledge of the situation said.
New Qantas Airways Ltd. Chief Executive Officer Vanessa Hudson was grilled, rebuked and chided by a parliamentary inquiry, piling more pressure on an airline already under fire for its treatment of passengers, staff and competitors.
An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets.
An International Monetary Fund mission visit to Sri Lanka is unlikely to lead to an immediate staff-level agreement to keep a $3 billion bailout on track and unlock more funds from the program, according to a person familiar with the matter.
Ukrainian President Volodymyr Zelenskiy said pressure on the Kremlin’s “military-industrial complex” needs to be ramped up further and indicated his forces would continue to attack Russian targets.
When Olayemi Cardoso takes full control of Nigeria‘s central bank this week, his biggest challenges will be to restore its credibility after eight years of mismanagement, boost confidence in Africa’s worst-performing currency and slow an inflation rate that’s among the highest on the continent.
DBS Group Holdings Ltd.’s digital banking services returned to normal after delays to processing transactions on its PayNow service on Tuesday.
Alibaba Group Holding Ltd. is turning to a pair of Hong Kong-based bankers it knows well for the initial public offering of its marquee logistics unit.
