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Anil Ambani’s RCom unit seeks bond extension

Bloomberg A unit of Reliance Communications (RCom) Ltd, tycoon Anil Ambani’s distressed telecom firm, is seeking an extension from holders of its dollar-denominated bonds maturing on August 1, the company’s spokesman said. Global Cloud Xchange is in discussions with holders of its 7 percent $350 million notes for a deal that would provide the issuer more time to discuss options ...

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Pfizer nears deal to merge drug business with Mylan

Bloomberg Pfizer Inc plans to combine its off-patent business, which includes Lipitor cholesterol pills and male-impotence drug Viagra, with Mylan NV and form a generic drug giant, according to people familiar with the matter. The deal, if completed, could be announced as early as Monday, said the people, who asked not to be identified because the negotiations are private. Under ...

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US soybean supplies to China slump in H1

Bloomberg US soybean supplies to China, the world’s biggest market, slumped in the first half of 2019 to the lowest level in more than a decade as little progress was made on ending a trade war between the two countries. China imported 614,806 tons of soybeans from the US in June, according to customs data. That brought the total inbound ...

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