Half the World’s Workforce Works Too Much or Too Little
Working nine-to-five isn’t the norm for more than half of the global workforce, according to a report from the International Labor Organization.
Bloomberg Business
BOJ Sees Little Need to Rush Major Yield Adjustments
Bank of Japan officials see little need to rush to make another big move to improve bond market functioning, and the BOJ should assess the impact of last month’s yield adjustments for now, according to people familiar with the matter.
Russia Looks to Press Big Firms for More Cash as War Costs Mount
Russia is planning to wrest more money from some commodity producers and state companies and trim non-defense spending, as the costs of the invasion of Ukraine mount.
Chinese Banks Among New Lenders Buying Orange, Masmovil Debt
Chinese banks are among a handful of lenders finalizing a deal to buy around €600 million ($631 million) of the debt backing the merger of Orange SA and Masmovil Ibercom SA’s Spanish divisions, one of Europe’s largest leveraged finance deals.
Record Funding Drive by African Startups Masks Challenges Ahead
African startups raised a record $5.3 billion last year, though that may be the high-water mark as a deepening slump in the technology industry reduces the funding pool.
Winter Heat Wave Offers Reprieve from the Energy Crunch — For Now
Warmer weather is pushing concerns about price spikes to the summer months.
Evergrande Plans First In-Person Meeting With Key Creditor Group
China Evergrande Group is planning its first in-person meeting with members of a major offshore bondholder group next Wednesday, as pressure heaps on the world’s most-indebted developer to release a restructuring framework.
China Builders Rally Set to Keep Momentum From State Support
The surge in Chinese builders’ stocks and dollar bonds isn’t over as buying momentum driven by supportive government policy is likely to persist, investors say.
China Expects Surge in Travel Over Lunar New Year Holidays
China expects a sharp jump in travel during the Lunar New Year holidays, with about 2.1 billion trips — by air, land and water — to be made over the period, twice as much as the same time last year.
Cerberus Drops Pursuit of Apollo’s Unit in India
Cerberus Capital Management’s planned purchase of Apollo Global Management’s asset reconstruction company in India has stalled, according to people familiar with the matter.
