Bloomberg CBL & Associates Properties Inc, the owner of more than 100 shopping malls across the US, is preparing to file for bankruptcy, according to people with knowledge of the plans. The company has been negotiating with its lenders in an effort to enter Chapter 11 with a consensual restructuring agreement in place, said the people, who asked not to …

Bloomberg South Africa’s Minister of Public Enterprises, Pravin Gordhan, said the government has yet to determine how the rescue of South African Airways (SAA) will be funded. His ministry and the National Treasury said they would mobilise the additional 10 billion rand ($599 million) the bankrupt airline’s administrators said is needed to effect the rescue. In a July 17 Twitter …

Bloomberg In a global market where hardly anything made sense this year, one trend seems to be supported by economic reality: Asian stocks’ outperformance versus the rest of the world driven by the region’s better containment of the coronavirus. The MSCI Asia Pacific Index is set to beat the S&P 500 and the MSCI Europe Index for a second straight …