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Goldman, Varde to buy RattanIndia debt

Bloomberg A consortium led by Goldman Sachs Group Inc and Varde Partners LP will buy 65.75 billion rupees ($922 million) of debt from an Indian power company at a 38% discount, in one of the largest restructuring deals outside the nation’s bankruptcy court. Creditors of RattanIndia Power Ltd will sell the debt via an asset reconstruction company controlled by the ...

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Hong Kong rings in New Year with tear gas, violent clashes

Bloomberg Hong Kong began 2020 with a familiar sight: Tear gas, fires, vandalism and roadblocks in busy downtown areas as protesters vowed to maintain their fight for more democracy and less Chinese control. Running battles between riot police and demonstrators continued into the night after tens of thousands of mostly peaceful protesters flooded streets from Causeway Bay to Central. Tensions ...

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Jakarta floods kill nine

Bloomberg Nine people have died as heavy monsoon rains lashed the Indonesian capital and nearby cities since New Year’s Eve, triggering the worst flooding in almost seven years. The rains submerged homes and cars and shut one of Jakarta’s airports. More than 700 areas in greater Jakarta region suffered from power outages, according to state-run electricity company PT Perusahaan Listrik ...

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