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Disagreements threaten US$14b dam project

KINSHASA: Serious disagreements between groups of Spanish and Chinese developers that want to build a 11,000MW hydropower plant in the Democratic Republic of Congo may scuttle plans for the US$14bil project, according to a report.

Anil Ambani’s shipyard risks insolvency

MUMBAI: The shipyard controlled by embattled Indian tycoon Anil Ambani is facing the prospect of bankruptcy after failing to get creditors’ approval for restructuring 70 billion rupees (US$970mil) of debt, people familiar with the matter said.MUMBAI: The shipyard controlled by embattled Indian tycoon Anil Ambani is facing the prospect of bankruptcy after failing to get creditors’ approval for restructuring 70 billion rupees (US$970mil) of debt, people familiar with the matter said.

Picking China’s bond bailout winners can net 30% returns in weeks

Shanghai: Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk. Investors need to make a call on whether authorities will bail out the borrower.

Philippine tycoon’s firm in talks with Go-Jek for venture

MANILA: Ayala Corp is looking to hitch a ride on Go-Jek’s South-East Asia expansion with a possible investment in the ride-hailing company’s Philippine venture as it takes on regional giant Grab.

Musk touts Model Y launch as demand questions linger

San Francisco: Elon Musk said Sunday that Tesla would unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning US federal tax credits threaten the company’s growth narrative.

Philippine tycoon’s firm in talks with Go-Jek for venture, sources say

MANILA: Ayala Corp. is looking to hitch a ride on Go-Jek’s Southeast Asia expansion with a possible investment in the ride-hailing company’s Philippine venture as it takes on regional giant Grab.

Indian govt sacks two Punjab National Bank execs over US$2b fraud

NEW DELHI: India has sacked two senior executives of state-run Punjab National Bank (PNB) for allegedly failing to prevent a US$2 billion fraud, two sources with direct knowledge of the matter said on Sunday, nearly a year after the country's biggest bank scam came to light.

Enter Four Seasons Hotel, exit Grand Seasons

AS owners and guests sit down to a grand dinner at the official opening of the new Four Seasons Hotel Kuala Lumpur in November 2018, the Grand Seasons Hotel prepares to close.