Bloomberg Business

Country Garden Pays Dollar Bond Interest Within Grace Period

Chinese developer Country Garden Holdings Co. has paid interest on two dollar bonds within grace periods, avoiding its first default and bringing some respite amid a liquidity crisis that’s shaken the nation’s financial markets.

Axiata, Sinar Mas Revive Talks for Indonesian Unit Deal, Sources Say

Malaysia’s biggest wireless carrier Axiata Group Bhd. and Indonesian conglomerate PT Sinar Mas Group have revived talks that could lead to a merger of their telecommunications operations in Indonesia, according to people familiar with the matter.

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