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Indian lenders warn of ‘severe plunge’ in recoveries after ruling

Bloomberg A group of lenders led by State Bank of India has filed a case in the nation’s Supreme Court seeking to annul a ruling that gives almost equal rights over the country’s largest distressed steel mill’s obligations to lenders and its 1,936 vendors. Earlier this month an Indian bankruptcy court, that allowed ArcelorMittal’s $6 billion purchase of Essar Steel ...

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China Merchants Shekou plans $800m REIT IPO in Hong Kong

Bloomberg China Merchants Shekou Industrial Zone Holdings Co is planning an initial public offering of a real estate investment trust in Hong Kong, the city’s first REIT listing in five years, according to people with knowledge of the matter. The company has engaged potential advisers for the share sale and aims for a listing as soon as this year, the ...

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Japan sees no talks on S Korea export curbs

Bloomberg Japan doesn’t see a quick resumption of talks with South Korea on export restrictions for materials vital to its tech sector, as a deadline approaches for Tokyo to step up curbs on its neighbour. Economy Minister Hiroshige Seko told reporters that export controls were not a matter for international organisations. His comments came the day after South Korean President ...

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