Bloomberg China reported an increase in its gold reserves for the first time in more than three years, shedding some light on the identity of the mystery buyers in the bullion market. The People’s Bank of China (PBOC) raised its holdings by 32 tons in November from the month before, according to data on its website. That brought its ...

  Bloomberg Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information. The nation’s most valuable startup, valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors, the people said, asking ...

Bloomberg While this week’s drone attacks on Russian airfields that the Kremlin blamed on Ukraine were of largely symbolic value, Kyiv’s apparent readiness to take the war to Vladimir Putin may be constrained by nervousness among its allies over his potential reaction. The strikes at three airfields, including ones used on bombing missions against Ukraine’s civilian infrastructure, boosted morale among ...