Cash Crunch Drives Nigerian Power Producers Out of Business
A number of heavily indebted Nigerian power producers have ceased operating because their customers aren’t settling their bills and they …
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Cathay Pacific Extends Dubai, Riyadh Flight Cuts to End of April
Cathay Pacific Airways Ltd. has extended the cancellation of passenger and cargo flights to and from Dubai and Riyadh until …
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Singapore’s Largest Taxi Firm Raises Fares as Fuel Prices Climb
ComfortDelGro Corp., Singapore’s largest taxi operator, will raise fares temporarily as it moves to shield cabbies from surging fuel costs …
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Indonesian Rate Cut Cycle Likely Over Due to War, Economists Say
Bank Indonesia’s monetary easing cycle has likely come to an end, economists say, scrapping earlier calls of as many as …
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Hong Kong Regulatory Scrutiny Puts Share Sale Boom at Risk
Intensifying regulatory scrutiny is rattling Hong Kong’s financial industry and raising the prospects of a slowdown in booming share sales …
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Apollo Makes First Hire for Singapore’s $1 Billion Private Fund
Apollo Global Management has made its first dedicated hire for a $1 billion private credit fund aimed at Singapore’s high-growth …
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Brazil’s BRB Nixes Meeting to Vote on $1.7 Billion Capital Boost
Banco de Brasilia SA canceled an extraordinary shareholder meeting that was to feature a vote on a capital increase of …
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Elliott Takes ‘Significant’ Stake in Mitsui OSK Lines: Reuters
Elliott Investment Management LP has taken a significant stake in Japanese shipping company Mitsui OSK Lines Ltd., Reuters reported, citing …
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Jesse Jackson Jr.’s Comeback Bid for Congress Comes Up Short
Jesse Jackson Jr., a son of the late civil rights leader, fell short in his campaign to get reelected to …
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Canadian Billionaire Smith Buys 26.9% of The Economist Magazine
Canadian billionaire Stephen Smith and his family holding company have reached an agreement to acquire a minority stake in the …
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