Bloomberg The fastest inflation print in nearly 40 years is rattling nerves on Wall Street where economically sensitive trades are hitched to an ultra-accommodative Federal Reserve. The spread between five- and 30-year Treasury yields has narrowed relentlessly this quarter, with that curve now near the flattest since March 2020. It’s a sign bond traders are betting faster rate hikes …

  Bloomberg PT Garuda Indonesia is entering a court-supervised debt restructuring process after a Jakarta court accepted a debt petition filed against the airline in a test of how far Indonesia’s government will go to rescue a state-owned company. Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments …

    Bloomberg Indian regulators are investigating a Boeing Co 737 Max incident, operated by SpiceJet Ltd, which caused the plane to turn back to Mumbai shortly after departing for Kolkata and its pilots to shut down an engine due to a technical issue. While the plane landed safely and nobody was injured, the incident is sensitive as it involved …