Teck Resources Ltd withdrew its plan to split in two on Wednesday, a surprise development just ahead of a key shareholder vote, as the miner sought to fend off a $22.5 billion takeover attempt from Glencore Plc .
Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund (IMF) programme.
A group of Adler Group bondholders was on Tuesday refused permission by London's High Court to appeal a restructuring plan for the German property firm, increasing the likelihood of the plan going ahead.