Bloomberg Avianca Holdings SA, the Latin American airline that filed for Chapter 11 bankruptcy protection in May, is now seeking court approval for financing totaling about $2 billion. The company secured commitments for the debtor-in-possession financing and has filed a motion to approve it in the US Bankruptcy Court for the Southern District of New York. “Securing these financing commitments …

Bloomberg Chinese demand for luxury goods is projected to grow as much as 30% this year as high-income mainland shoppers drive the country’s post-pandemic economic rebound. It’s the only bright spot for the luxury industry, which is otherwise poised to see worldwide spending shrink 45% in 2020 as Europe and the US continue to battle the coronavirus ahead of a …

Bloomberg A battle for financial talent is intensifying in China, one of the few places worldwide where global banks are firmly in hiring mode. Credit Suisse Group AG this month hired a dozen analysts in China, almost half of whom used to work at UBS Group AG. UBS has scooped up more than 40 people from global and local firms. …