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  Bloomberg Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators. The administrators for the flag carrier received claims from more than 470 creditors by the end of a January 5 deadline, Martin Patrick Nagel and Jandri Siadari, members of the team ...

  Bloomberg Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the ...

  Bloomberg Air France-KLM will apply a surcharge to its tickets prices to help fund the extra cost of using sustainable aviation fuel, going beyond voluntary measures that have so far prevailed in the industry. The move will add between 1 and 12 euros ($1.1-$13.6) to the cost of a flight depending on the distance traveled and the class, according ...

  Bloomberg The bull market in the S&P 500 has further to run as the pandemic becomes endemic mid-year, according to Julian Emanuel, who in late 2019 correctly predicted the boom in retail investing. Continued fiscal and monetary support even if it’s diminishing — will help underpin US stocks this year along with historically low interest rates and robust US ...

  Bloomberg Shares of technology and internet stocks fell on Monday, extending recent declines as investors continued to monitor a rise in Treasury yields. Losses were widespread across the group, with megacap names, semiconductor stocks and the software sector all tumbling. The group led broad declines in the US equity market, and the Nasdaq 100 Index fell more than 2%. ...

  Bloomberg Lululemon Athletica Inc. shares tumbled after the company warned that financial results will come at the low end of previous guidance, saying the Omicron coronavirus variant was constraining its operations. Sales for the fiscal fourth quarter are trending towards the bottom of its range of $2.125 billion to $2.165 billion, the maker of yoga pants said in a ...

  Bloomberg President Vladimir Putin vowed to protect Russia and its ex-Soviet allies from what he called outside efforts to destabilize their governments with public protests, just days after Russian-led troops helped Kazakh authorities subdue nationwide demonstrations. “We won’t let anyone disturb the situation in our homes and won’t allow scenarios of so-called color revolutions to be played out,” Putin ...

  Bloomberg The US agreed to limit military personnel’s movements off base in Japan, after regional governors blamed American troops for helping to introduce the Omicron variant of Covid. For two weeks starting Monday, US Forces Japan personnel will only be allowed outside military facilities for activities deemed essential, the two sides announced in a statement late Sunday. The US ...

  Bloomberg Sweden called Russia’s warning to NATO and its allies “unacceptable” amid a military buildup at Ukraine’s borders, vowing to deepen its relationship with the defense bloc. Comments from Defense Minister Peter Hultqvist highlight a public backlash in the non-NATO members Sweden and Finland to Russian President Vladimir Putin’s demands for assurances that the defense alliance stops eastward expansion ...

  Bloomberg Myanmar’s Aung San Suu Kyi was sentenced to another four years in prison after a special court found the ousted civilian leader guilty in a second round of charges brought against her by the military junta that took power in February. Suu Kyi, 76, was found guilty for illegally importing and possessing unlicensed walkie-talkies as well as breaking ...