Anil Agarwal is splitting the Vedanta group into six entities in an effort to raise their valuation.
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China Evergrande halted critical work to settle its debts and investors dumped their stock amid news that executives were under suspicion by the authorities.
U.S. investment-grade bonds have swung to a loss for the year as the Federal Reserve’s determination to raise interest rates to counter inflation spreads pain across debt markets.
About 1,500 high-grade corporate bonds issued by some household names are currently trading at a discount.
Citibank tapped the investment grade bond market with its first bank-level debt offering in four years as deposits recede from their pandemic-era highs.
The Hollywood screenwriters strike will have little direct impact on state and municipal finances, but watch out for any spinoffs.
A complicated refinancing deal addresses short-term challenges for the poster child of Europe’s real estate crisis, but many hurdles remain.
Sirius XM’s bonds slumped in secondary trading after Liberty Media proposed splitting off the business that houses SiriusXM and combining it with the rest of Sirius XM Holdings.
It’s believed Reliance Industries may eventually transition into a holding company structure, which would provide clearer distinctions between divisions and enhance shareholder value. However, this could make the company more…
Evergrande’s financial problems have rippled through China’s vast property industry, with several other developers defaulting on their debts.