Bloomberg A consortium led by Goldman Sachs Group Inc and Varde Partners LP will buy 65.75 billion rupees ($922 million) of debt from an Indian power company at a 38% discount, in one of the largest restructuring deals outside the nation’s bankruptcy court. Creditors of RattanIndia Power Ltd will sell the debt via an asset reconstruction company controlled by the ...

Bloomberg Hong Kong began 2020 with a familiar sight: Tear gas, fires, vandalism and roadblocks in busy downtown areas as protesters vowed to maintain their fight for more democracy and less Chinese control. Running battles between riot police and demonstrators continued into the night after tens of thousands of mostly peaceful protesters flooded streets from Causeway Bay to Central. Tensions ...

Bloomberg Nine people have died as heavy monsoon rains lashed the Indonesian capital and nearby cities since New Year’s Eve, triggering the worst flooding in almost seven years. The rains submerged homes and cars and shut one of Jakarta’s airports. More than 700 areas in greater Jakarta region suffered from power outages, according to state-run electricity company PT Perusahaan Listrik ...

Bloomberg US troops fired tear gas to disperse protesters gathered outside the American complex in Iraq, local TV reported, a day after Iran-backed militiamen stormed the compound. Protesters had camped out overnight near the Baghdad embassy after Kataieb Hezbollah militiamen and their supporters attacked the compound to protest deadly American airstrikes on the group’s bases. More protesters had arrived on ...

Bloomberg North Koreans and outside observers expecting leader Kim Jong Un to make his traditional address on New Year’s morning instead were handed a new script that enhanced his unpredictable image. North Korea opened 2020 by issuing a “Report on the Fifth Plenary Meeting of the Seventh Central Committee of the Workers,” an almost 4,400-word text that outlined what Kim ...

Bloomberg Nigerian President Muhammadu Buhari reaffirmed he will leave office in 2023, addressing concerns he wants to change the constitution to seek a third term. Buhari, 77, won a second four-year mandate in March, the last he’s permitted under the constitution of Africa’s largest oil producer. With speculation already mounting over who the ruling All Progressives Council and opposition People’s ...

Bloomberg Australia scrambled military helicopters and ships on Wednesday to help thousands of people cut off by wildfires raging across the southeast as the death toll from the national crisis continued to climb. Some 4,000 holiday-makers and locals remain stranded in the remote township of Mallacoota in Victoria state after a bushfire tore through the community, forcing people to shelter ...

Bloomberg The Federal Reserve may have succeeded in thwarting major year-end turmoil in funding markets, but 2020 is likely to bring a whole new set of concerns. The US central bank has been injecting liquidity into markets through repurchase-agreement operations since mid-September in a bid to keep control of short-end rates. Earlier this month the Fed ramped up its offerings ...

Bloomberg European Central Bank (ECB) President Christine Lagarde’s promise to learn German has prompted some suggestions on what her first important word should be — including from a German colleague. In response to an informal Twitter poll, incoming Executive Board member Isabel Schnabel suggested Lagarde should start with “Vertrauen,” or “trust.” Schnabel didn’t elaborate on her word choice in the ...

Bloomberg The Taiwan dollar strengthened past 30 versus the greenback for the first time in 18 months. The currency rose as much as 0.6% to 29.965 per dollar on and closed at 30.106 in Taipei. The Taiwan dollar has climbed about 3.4% in the second half as the best performer among the world’s major currencies. Taiwan’s financial markets were expected ...