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Canada s housing market is running hotter than just about anywhere else in the world. Ari Altstedter, Bloomberg | Tuesday December 8, 2020 The world’s biggest tech companies are clamouring for a larger piece of India’s booming Internet space, but that increasingly seems to mean going through the country’s richest man, Mukesh Ambani. Ambani’s Reliance Industries Ltd. is said to be offering to sell a stake of about $20 billion in its retail business to Amazon.com, Bloomberg News. India News | Ari Altstedter, Bloomberg | Monday August 31, 2020 India is fast becoming the world s new virus epicenter, setting a record for the biggest single-day rise in cases as experts predict that it ll soon pass Brazil and ultimately the U.S. as the worst outbreak globally. ....
By David Ramli and Ameya Karve (Bloomberg) Creditors to struggling Singapore shipper Pacific International Lines Pte will vote Monday on a restructuring deal that involves a capital injection from a unit of Temasek Holdings Pte. It’s an important day for investors who oppose the plan like Singapore businessman Kuah Ann Thia, an unsecured noteholder – the most vulnerable in the bond world. He and other individual investors hold parts of PIL’s S$60 million security ($45 million) that came due in November but which the shipper hasn’t repaid. Kuah had initially felt relief last year when he heard that the Temasek unit was providing a $600 million package comprising debt and equity to PIL. But he said he became worried when he saw the company’s restructuring plan. Under the so-called scheme of arrangement, it could be at least five years before unsecured noteholders saw actual cash payments, according to presentation materials. ....
U.S. requires tests for UK air travelers over concerns about COVID-19 variant Updated Dec 25, 2020; Posted Dec 25, 2020 FILE - In this Dec. 20, 2020, file photo, passengers queue for check-in at Gatwick Airport in West Sussex, England, south of London. The United States will require airline passengers from Britain to get a negative COVID-19 test before their flight, the Centers for Disease Control and Prevention announced late Thursday, Dec. 24. The U.S. is the latest country to announce new travel restrictions because of a new variant of the coronavirus that is spreading in Britain. (Gareth Fuller/PA via AP)AP Facebook Share ....
The company priced the January 2024 bond on Wednesday at a yield of 13.875 per cent. Vedanta Resources plans to use the money to finance a buyback offer for $670 million of notes maturing in June 2021. ....