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IMF says Pakistan needs to mobilise tax revenue, cut debt

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

Anil Ambani plans US$3.2b asset sales to pare massive debt

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.

AB InBev plans Asian IPO as brewer seeks 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.

After Hyflux’s fall, S’pore debt buyers are scrutinising these firms

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.

After Hyflux's fall, Singapore debt buyers scrutinising these firms

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.

Petrobras hikes diesel price, eyes divestments amid investor unease

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.

Vodafone Idea plans US$3.6bil stock sale at sharp discount, shares tumble

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.

Axiata, Dialog boost KLCI as consumer stocks top gainers list

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.

Axiata’s sale of M1 stake will lower debt, S&P says

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.

UK's construction firm Interserve strikes rescue deal by handing control to lenders

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.

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.