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Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits. ....
Distressed Indonesian Clothing Maker Drops to Record Lows Bloomberg 2/25/2021 Tassia Sipahutar (Bloomberg) Distressed Indonesian apparel firm PT Pan Brothers has dropped to record lows in credit markets, adding to concerns about the nation’s clothing sector, which has been particularly vulnerable in the pandemic. What’s happening: PT Pan Brothers has made clothes for Ralph Lauren, Prada and Adidas. But in debt markets it’s lost its panache. The manufacturer’s dollar bonds have slid further to record lows of about 36 cents on the dollar. The declines come after it earlier postponed a new global debt offering and had to get a temporary extension from creditors on a loan in the U.S. currency. ....
Distressed Indonesian Clothing Maker Drops to Record Lows msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Distressed Indonesian Clothing Maker Drops to Record Lows Bloomberg 2/25/2021 Tassia Sipahutar (Bloomberg) Distressed Indonesian apparel firm PT Pan Brothers has dropped to record lows in credit markets, adding to concerns about the nation’s clothing sector, which has been particularly vulnerable in the pandemic. What’s happening: PT Pan Brothers has made clothes for Ralph Lauren, Prada and Adidas. But in debt markets it’s lost its panache. The manufacturer’s dollar bonds have slid further to record lows of about 36 cents on the dollar. The declines come after it earlier postponed a new global debt offering and had to get a temporary extension from creditors on a loan in the U.S. currency. ....
Indonesia Sees Risks to Growth on Virus, Natural Disasters Bloomberg 1/25/2021 Grace Sihombing and Haslinda Amin (Bloomberg) Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister. The first quarter is “very tough,” Finance Minister Sri Mulyani Indrawati said in an interview with Bloomberg Television’s Haslinda Amin on Saturday. “We hope in February and March we can still catch up despite the January which is going to be very tough because of Covid and natural disasters.” She expects the full-year 5% growth target to still be achievable as the mass vaccination program gives “hope and optimism.” ....