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WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan
MUMBAI: Indian tycoon Anil Ambani plans to raise about 217 billion rupees (US$3.2bil) by selling assets from roads to radio stations in a bid to cut debt.
LONDON: Anheuser-Busch InBev NV (AB InBev) is weighing an initial public offering (IPO) of its Asian unit as the world’s largest brewer jockeys for position in a massive consumer market where rivals are piling in via local alliances.
The collapse of Singapore’s water treatment firm Hyflux Ltd has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.
SINGAPORE: The collapse of Singapore’s water treatment firm Hyflux Ltd. has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.
RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.
BENGALURU: Vodafone Idea Ltd, India’s largest telecommunications company by subscribers, has approved a 250 billion rupees (US$3.63bil) rights issue at a sharp discount, sending its shares tumbling.
KUALA LUMPUR: Investor sentiment towards Axiata turned positive after the sale of its 28.67% stake in Singapore's M1 Ltd while Dialog Group advanced after its firm earnings and upgrade by analysts.
KUALA LUMPUR: Axiata Group Bhd’s sale of its ts 28.67% stake in Singapore's M1 Ltd has improved its financial headroom and the sale proceeds will help cut debt, S&P Global Ratings says in a report.
BENGALURU: Interserve has struck a rescue deal that will see lenders take control of the company by swapping millions of pounds worth of debt for new shares, giving the troubled outsourcing group a chance of survival.