Page 125 - Bon News Today

(Bloomberg) -- Indonesia’s government filed a lawsuit accusing its flag carrier of corruption, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process.

(Bloomberg) -- Local-currency debt in developing nations is emerging as the preferred option for investors to dodge the global bond rout.

(Bloomberg Opinion) -- The Reserve Bank of Australia presided over three decades of growth before Covid-19 tripped up the global expansion. The central bank is having a good recovery, too, with employment strong and inflation behaving.

(Bloomberg) -- A top emerging-market money manager who scooped up gains with Ecuador’s restructured bonds is now waiting for Sri Lanka to default to load up on the nation’s debt.  Carlos de Sousa, who oversees a $3.

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(Bloomberg) -- The South Korean won was Asia’s worst performer over the last six months, and technical indicators suggest the misery isn’t yet over.  The won dropped to a 17-month low last week, breaching a key support level.

(Bloomberg) -- Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators.

(Bloomberg) -- Investors trying to identify the next batch of Chinese developers that could run into liquidity troubles should look for firms that have reported a sudden drop in land purchases relative to sales, according to Bloomberg Intelligence.

(Bloomberg) -- U.S. inflation probably hit the fastest in four decades, helping explain a shift in the Federal Reserve’s approach to monetary policy as well as more consumer anxiety about the economy. The widely followed consumer price index on Wednesday is forecast to rise 7.

(Bloomberg) -- Amazon.com Inc.’s Indian unit petitioned the country’s Supreme Court against a halt on an arbitration case against Future Retail Ltd.’s asset sale to Reliance Industries Ltd., according to people familiar with the filing. Amazon urged the top court to lift the halt ordered on Jan.