Much like a father holding the hand of his anxious son through a dark alleyway, the European Central Bank is striving to give markets guidance over how it will normalize its monetary policy. The ECB has told investors that it intends quantitative easing to continue at a pace of 60 billion euros a month from April until the end …

  How do you get a foot in the world’s soon-to-be-biggest aviation market in the face of official intransigence from its government? American Airlines Group Inc. thinks it’s found a way. The world’s biggest airline is in talks to take a stake of about $200 million in China Southern Airlines Co. via a private placement, people familiar with the matter …

  Andy Mukherjee What a difference a year makes, especially when it comes with hundreds of million of dollars in unexpected cash prizes. At the start of 2016, Vedanta Resources Plc’s 2019 dollar bonds were trading at less than 50 cents on the dollar. Now, they’re well above par. Founder and Chairman Anil Agarwal is celebrating by launching a debt-funded …