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Ghana to use $1b to restructure power deals

Bloomberg Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta. The country is in talks to re-negotiate supply deals with the power companies known as IPPs. The currently take-or-pay agreements mean the government is billed even for unused ...

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An anti-corruption probe isn’t AirAsia’s only challenge

Asia’s largest budget carrier is in trouble, caught up in an anti-corruption investigation of Europe’s aerospace industry. Things could get worse. AirAsia Bhd. Chief Executive Officer Tony Fernandes stepped down for two months along with Chairman Kamarudin Meranun, after the airline was named in a 3.6 billion euro ($4 billion) settlement of bribery allegations against Airbus SE. Shares have fallen ...

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How coronavirus could help Trump

There has been plenty of talk about how the coronavirus might affect politics in China, for example by eroding trust between the Chinese public and its leadership. In the US, however, the coronavirus is likely to have the opposite effect: Namely, to make the incumbent more popular and to increase the re-election chances of President Donald Trump. How the coronavirus ...

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