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KUALA LUMPUR: Financial research firm CreditSights has maintained its "market perform" recommendation on Petroliam Nasional Bhd (Petronas), with a preference for its shorter-dated bonds (2026-2032 maturities).
CHENNAI (Reuters) - A decision by Taiwan's Foxconn to withdraw from a $19.5 billion semiconductor joint venture with Vedanta is a "credit negative" for the Indian conglomerate's UK parent Vedanta Resources, debt research firm CreditSights said on Thursday.
There is a "good chance" for Genting Bhd to win a downstate casino licence in New York City, according to a research firm of Fitch.
FRANKFURT: A Deutsche Bank AG Additional Tier-1 (AT1) bond has surged to the highest in three years after the lender decided against redeeming the debt, choosing instead to let the coupon nearly double.
Bond investors are getting a little more concerned about the outlook for automakers that could see their bottom lines hit by US tariffs.
JAKARTA: Indonesia's parliament will on Tuesday (Feb 4) vote on a bill that will allow the government to set up a new investment agency expected to manage its stakes in some of the biggest state companies.
With more clarity emerging on the aggregator role that Sarawak will be playing vis-a-vis the oil and gas resources of the state, the good news is that Petroliam Nasional Bhd (PETRONAS) does not risk jeopardising its long- term liquefied natural gas (LNG) contracts.
Paramount Global could get cut by Moody’s Ratings to “junk” by the end of the year, after negotiations to potentially sell the company to Skydance Media fell through, research firm CreditSights says in a note.
SINGAPORE: U.S. Treasury yields slipped on Tuesday after President Donald Trump did not impose tariffs on his first day in office, suggesting a gradual approach to policies and providing relief to investors worried about inflation resurfacing.
IT is a measure of California’s range of natural dangers that the state’s Wildfire Fund is administered by the California Earthquake Authority.
China’s US dollar-bond market is seeing a return of big issuers, raising hopes that a market hit hard in recent years by the nation’s economic woes is reviving.
NEW YORK: Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday (Nov 20).
NEW DELHI: Gautam Adani’s conglomerate could find it harder to get funding following a US arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged US$265mil bribery scheme.
Boeing Co raised US$10bil from a bond sale that attracted about US$77bil of orders and allowed the planemaker to ease some of its financial strains by refinancing part of its massive debt load.
NEW YORK: Companies are taking advantage of price discrepancies in debt and derivatives markets that give them a way to trim their borrowing costs.
In May, China’s central government urged more than 200 cities to buy unsold homes to ease oversupply.
Hindenburg Research says it holds short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivative instruments, sending shares of companies in the Indian conglomerate sliding.
CHINA’S efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers due to the programme’s limited size and potentially low prices, analysts and developers say.
Hasbro Inc sold a US$500mil bond on Wednesday, raising debt for the first time in nearly five years and joining a wave of blue-chip companies storming the US investment-grade market in the busiest week of the year.
NEW DELHI: Surging share prices of Gautam Adani’s companies have helped make him the world’s second-richest person.
