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HNA in talks to sell $2 billion Avolon stake to Japan’s Orix

Bloomberg HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter said. Orix has been discussing the purchase of about a 25 percent to 30 percent stake in Avolon from HNA’s Shenzhen-listed arm Bohai ...

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India’s Ola takes on Uber in UK

Bloomberg Ola, India’s dominant ride-hailing startup, announced its plans to enter the UK, opening yet another overseas front in a fight with global leader Uber Technologies Inc. Ola will initially side-step London, where Uber has just managed to garner a 15-month extension on its operating license, and will instead begin operations in South Wales and Greater Manchester, and is working ...

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RCOM bonds drop to 2018 low after offer

Bloomberg Bonds that Reliance Communications Ltd. defaulted on last year slumped to a seven-month low on Tuesday, after the Indian mobile operator controlled by billionaire Anil Ambani offered to repay holders at a discount to the principal value. The firm, which is set to meet with bondholders on August 10, has been trying to close a sale of wireless assets ...

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