Bloomberg Citigroup Inc has chosen preferred bidders for its consumer assets in several Asian markets as the U.S. lender presses ahead with its plans to divest numerous units across the region. The US lender picked Bank of Ayudhya Pcl as the leading suitor to buy its retail assets in Thailand, the people said, asking not to be identified because the ...

Bloomberg BNP Paribas SA expects the record fundraising spree in India to continue next year, aided by robust foreign inflows into initial public offerings and as more companies seeking to expand plan to sell shares. “I expect 2022 to continue to be a record year for fund raising,” Ganeshan Murugaiyan, head of corporate coverage and advisory at BNP Paribas in ...

Bloomberg For all the warnings earlier this year that China Evergrande Group’s debt crisis would become the country’s Lehman moment, the developer’s landmark payment failure is barely registering in local financial markets. The CSI 300 Index of stocks on Wednesday climbed to a six-week high, while Chinese junk dollar bonds rose 2 cents on the dollar, according to traders. The ...