Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, applied to raise $2 billion in debt over the next 12 months. The medium term note program, arranged by HSBC Holdings Plc, is expected to take effect on Wednesday, Cathay Pacific said in a statement to the Hong Kong Stock Exchange late Tuesday. Such debt programs are offered to institutional ...

  Bloomberg Wal-Mart Stores Inc. is reviewing Welspun India Ltd.’s cotton certification records after Target Corp. raised concerns that the supplier is passing off cheaper bed sheets as premium Egyptian cotton. Wal-Mart, the world’s largest retailer, plans to hold further discussions with Welspun and “handle it appropriately” if any issues are discovered, according to spokeswoman Marilee McInnis. The chain is ...

  Bloomberg Shoprite Holdings Ltd. would consider expanding outside Africa as the continent’s largest food retailer seeks additional fast-growing markets, Chief Executive Officer Whitey Basson said. “There are countries that have great potential,” Basson said in a phone interview on Tuesday, without giving a timeframe. The company would be wary of overpaying for acquisitions if it decided to use that ...