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Go-Jek fields bank pitches amid $3bn funding campaign

Bloomberg Go-Jek, Indonesia’s most valuable startup, is choosing an adviser to help with fundraising as it expands rapidly in the competitive Southeast Asian ride-hailing industry, people with knowledge of the matter said. The firm recently asked investment banks to pitch for a role working on its ongoing financing round,. Go-Jek could seek to bring in as much as $2 billion ...

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Rate-cut fervour sees funds favouring India’s short bonds

Bloomberg India’s shorter-maturity bonds are set to outperform as traders boost the odds the central bank may cut interest rates again as soon as its April meeting. That’s one of the reasons asset managers such as DHFL Pramerica Asset Managers Pvt. and HDFC Standard Life Insurance Co. favor the front-end of the yield curve. At the same time, escalating concern ...

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Australia in tree-planting binge to help meet climate targets

Bloomberg Australia aims to plant a billion trees by 2050 as part of a new forestry plan the government says will help the country meet its Paris Agreement climate targets. A sod-turning spree on that scale would contribute to the removal of 18 million tons of greenhouse gas per year by 2030 in a country currently producing in excess of ...

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