Adani in Talks With Banks to Borrow $600 Million for Gas Unit
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.
Oil advanced after a weekly drop as Saudi Arabia hiked prices for grades to Asia for the third month, signaling confidence in the outlook with the OPEC+ cartel cutting supply.
European stock futures rose, suggesting shares will follow gains in Asian and US equities, after weaker-than-expected US payroll data revived bets on Federal Reserve interest-rate cuts.
Embattled French tech company Atos SE has received offers to help bail out the company that will frame the discussions with its stakeholders around its restructuring.
Indonesia’s economy expanded faster than expected last quarter as holiday festivities and the government’s cash handouts supported consumer spending, even as risks loom over the outlook from slowing global demand and geopolitical uncertainties.
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