Suzlon in Talks to Repay Investors After Dollar Bond Default
Suzlon Energy Ltd. (SUEL), the world’s fifth-biggest wind-turbine maker, is in talks to repay investors after defaulting on $209 million of U.S. dollar-denominated convertible bonds in October, according to two... Read more »
Manhattan Heat Deaths Seen Rising 20% in 2020s as Climate Warms
Manhattan may see deaths from heat rise by as much as 20 percent in the 2020s and 90 percent by the 2080s in a worst-case scenario, a study found. The... Read more »
Pentagon Continues Use of China Satellite in New Lease
The Pentagon will continue for another year the lease of a Chinese commercial satellite to provide communications for its Africa Command. The use of China’s Apstar-7 satellite will be extended... Read more »
Thai Bond President Favors Cut as Controls Hurt: Southeast Asia
An interest-rate cut in Thailand may be the best option to slow inflows that drove the baht to a 16-year high as capital controls would deter investors and push up... Read more »
Air India Seeks Dollar Loan to Refinance Rupee Debt
Air India Ltd., the carrier which pays more interest on its debt than any publicly traded Asian airline, plans to borrow $300 million from overseas to repay costlier rupee obligations,... Read more »
Philippine Billionaire Said to Plan Robinsons Retail IPO
Philippine billionaire John Gokongwei is planning an initial public offering of Robinsons Retail Group, the operator of supermarkets and department stores, said three people with knowledge of the matter. The... Read more »
Jain Irrigation, State Bank to Help Finance Indian Farms
India’s biggest lender, State Bank of India, plans to work with Jain Irrigation Systems Ltd. (JI), the largest irrigation-equipment maker in Asia, to help farmers reduce water usage and increase... Read more »
Toshiba Begins Power Transformer Production at New Brazil Plant
Toshiba Corp. (6502), the Japanese maker of flash-memory chips, elevators and steam turbines, has begun production of power transformers at a new plant in Brazil. Toshiba Infrastructure South America Ltd.,... Read more »
Ethanol Futures Gain on Gasoline Amid Higher Costs Before Summer
Ethanol strengthened against gasoline for the first time in four days as the summer driving season neared while production costs rose. The spread, or price difference, narrowed 1.83 cents to... Read more »