The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems. Minister Li Lecheng met Thursday with leaders from 14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production […]
A major draw for global investors like Cerberus has been Indian companies’ balance sheets. On average the loan-to-value ratio among Indian private credit borrowers, which measures the size of a financing against its collateral, is about 40%, Ghosh said. “In the rest of Asia, and even in developed markets, the gauge would be over 60%,” […]
The panel will likely recommend the RBI ask the government to keep the target at 4%, with a tolerance band of 2%-6%, the people said, asking not to be identified because the discussions are private. The panel is also in favor of retaining the consumer price index as the target, they said, instead of using […]
A second production unit, known as a train, will start up later this year, and the 14 million-ton-a-year facility will reach full capacity in 2026, Cremers said. Once both trains are online, Canada would rank eighth in global LNG exports, behind Nigeria, data compiled by Bloomberg show.
Swathes of eastern China, home to major population centers including Shanghai, Nanjing, and Hangzhou, will see temperatures around 35C to 39C (95F to 102F), with some places touching 40C, according to a forecast from the China Meteorological Administration. The region may face a “long-lasting high temperature war,” the state weather bureau said last week.
The peso, which tumbled over 3% earlier this month before trimming losses, may end this quarter somewhere around its current level of 56.5 to the US dollar, according to strategists at Australia & New Zealand Banking Group Ltd., ING Financial Markets and Wells Fargo Securities.
“Middle Eastern borrowers, given the significant borrowing requirements, have been much more open to diversifying their lending relationships and willing to tap into the demand from Asia,” said Amit Lakhwani, global head of loan syndicate at Standard Chartered Plc. Asia also offers opportunities to borrow in new currencies or tenors versus what is available to […]
“Russia does have more vessels at its disposal compared to the summer/fall of 2024,” Malte Humpert, founder of the Arctic Institute, a Washington-based think-tank, said in an email. “If it can find buyers, this small fleet should be sufficient to lift cargoes.”
Trade groups and experts lined up to say they’d long warned this would happen, including the American Chamber of Commerce in Canada and the Business Council of Canada, an influential lobby group representing top CEOs. Michael Geist, the Canada Research Chair in internet and e-commerce law at the University of Ottawa, called Friday’s blowup “completely […]
Bloomberg News reported in February that NIQ was exploring an IPO that could raise about $1.25 billion and value the company at $10 billion. The Chicago-based company carries $4.3 billion of total debt, with adjusted earnings before interest, taxes, depreciation and amortization of $740.7 million last year, the filing shows.