Bloomberg Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals. Singapore Exchange Ltd. this week presented rules for the listing of special purpose acquisition companies, or SPACs, as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list …

Bloomberg Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl US oil production, though prices edged lower following a weak US jobs report. West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1%. The deceleration in hiring reflects growing fears of the delta variant of Covid-19 and …

Bloomberg Philippine Airlines Inc filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the pandemic devastated global travel. The company aims to cut $2 billion in borrowings through a proposed restructuring plan, which needs court approval, it said. Philippine Airlines will also get $505 million in equity and debt …