Elliott Management Corp is a master at forcing companies to do something about the gap between a lowly share price and their value on paper. But the activist hedge fund’s campaign targeting UK utility SSE Plc runs up against an awkward reality: Stock markets don’t always obey spreadsheets. SSE is a fiendishly complicated firm with a simple problem. It ...

  Bloomberg PT Garuda Indonesia is entering a court-supervised debt restructuring process after a Jakarta court accepted a debt petition filed against the airline in a test of how far Indonesia’s government will go to rescue a state-owned company. Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments ...

    Bloomberg Indian regulators are investigating a Boeing Co 737 Max incident, operated by SpiceJet Ltd, which caused the plane to turn back to Mumbai shortly after departing for Kolkata and its pilots to shut down an engine due to a technical issue. While the plane landed safely and nobody was injured, the incident is sensitive as it involved ...