The U.S. Supreme Court on Monday cleared the way for New York to collect a $200 million surcharge imposed on opioid manufacturers and distributors to defray the state's costs arising from the deadly epidemic involving the powerful painkilling drugs.
A Saudi court on Sunday issued a final order on the restructuring of the Algosaibi family's conglomerate AHAB, putting a formal end to one of Saudi Arabia's largest and longest debt disputes.
Philippine Airlines [RIC:RIC:PHL.UL] will return 22 aircraft, mostly Airbus and Boeing jets, to lessors as it pursues a financial restructuring programme to survive after the pandemic has decimated global travel, executives said on Monday.
China Evergrande Group (3333.HK), the country's debt-laden No. 2 property developer, said on Monday it will not hold a news conference after it reports its first-half earnings on Tuesday.
Too big to fail or too tough to save? As China's debt-laden No. 2 property developer lurched from one crisis to another in recent months its creditors, investors, suppliers, and bankers agonised over its fate with little hope on the horizon.