How do you get a foot in the world’s soon-to-be-biggest aviation market in the face of official intransigence from its government? American Airlines Group Inc. thinks it’s found a way. The world’s biggest airline is in talks to take a stake of about $200 million in China Southern Airlines Co. via a private placement, people familiar with the matter ...

  Andy Mukherjee What a difference a year makes, especially when it comes with hundreds of million of dollars in unexpected cash prizes. At the start of 2016, Vedanta Resources Plc’s 2019 dollar bonds were trading at less than 50 cents on the dollar. Now, they’re well above par. Founder and Chairman Anil Agarwal is celebrating by launching a debt-funded ...

  Bloomberg Germany’s state-owned development bank KfW, which gained publicity for erroneously transferring hundreds of millions of euros to Lehman Brothers the day the U.S. firm filed for bankruptcy, has done it again. KfW in February mistakenly transferred more than 5 billion euros ($5.4 billion) to four banks because of a technical glitch that repeated single payments multiple times, according ...