Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more.…
Multiple stress points are emerging in credit markets after years of excess from banks stuck with piles of buyout debt and a pension blowup in the U.K., to real estate troubles in China and South Korea.