Bloomberg A shadow bank’s defaults have pushed up borrowing costs in India and made it harder for smaller companies to get funding. Alternative lenders including a fund run by an ex-Goldman Sachs Group Inc. banker think they can help. Indian firms that are too small to borrow from banks have typically relied on loans from non-banking financial companies, which raise ...

Bloomberg Philippine Finance Secretary Carlos Dominguez said the economy will sustain growth exceeding 6 percent this year, as investment and infrastructure spending help counter the impact of higher interest rates. “We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali, when asked about inflation. “Definitely, rising interest rates ...

Bloomberg Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list. My grand, five-star hotel, the Anantara Siam, with its gilded murals and landscaped courtyards, cost $150 a night, including a breakfast buffet that was truly fit ...

Bloomberg Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by US President Donald Trump. Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions ...

Bloomberg A pair of General Electric Co.’s most prominent critics is reminding investors that solving all of the company’s problems won’t be as simple as appointing a new CEO. The downtrodden manufacturer is weighed down by a deteriorating finance business and doesn’t have enough assets or cash-flow to pay down its liabilities, according to Steve Tusa, a JPMorgan Chase & ...

Bloomberg Walt Disney Co is looking at ways to accommodate a group of 21st Century Fox Inc bondholders that say they are being wronged by a bond exchange deal as the two companies prepare to combine, according to a person familiar with the matter. Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in ...

Bloomberg Lime, the electric scooter company valued at a $1 billion, lost its bid for a court order temporarily halting San Francisco’s plan to let two smaller companies operate after the city denied Lime a permit. But to Lime, a court decision not to block the city from launching its pilot program wasn’t all bad. The judge wants to “get ...

Bloomberg As if trade wars, rising interest rates and slowing global growth weren’t enough, the world’s finance chiefs are zeroing in on another source of concern: Italy. The populist government’s rule-busting budget plans and accusatory rhetoric against its European partners have repeatedly cropped up among ministers and central bankers at the annual meetings of the International Monetary Fund and the ...

If there were any doubt before, there should be none now. “Solving” the global climate change problem may be humankind’s mission impossible. That’s the gist of the latest report from the Intergovernmental Panel on Climate Change (IPCC), the United Nations group charged with monitoring global warming. Unless we make dramatic reductions in greenhouse gas emissions (carbon dioxide, methane and others), ...

Gold isn’t like anything else on the market. Ancient, fundamental, eternal – it’s different from all those here-today, gone-tomorrow assets such as Snap Inc. shares and cryptocurrencies. Right? Wrong. The last week’s surge in the spot gold price – a 2.5 percent jump to $1,224 an ounce, its sharpest leap in more than two years – looks like confirmation of ...