Bloomberg A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd, according to separate exchange filings from Vedanta and the US hedge fund. India’s macroeconomic troubles have attracted a wave ...

Bloomberg A multi-billion-dollar high-speed rail link between Singapore and Malaysia’s capital Kuala Lumpur has been terminated. The two countries were unable to reach an agreement on the project after Malaysia sought changes because of the pandemic’s economic impact, according to a joint statement. Malaysia will have to compensate Singapore for costs already incurred, the city-state’s transport ministry said in a ...

Bloomberg China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over. Over the past month, the People’s Bank of China (PBOC) has had to work especially hard to rein in borrowing costs after a surge in credit defaults damped commercial lenders’ enthusiasm to make loans. The central bank ...