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A BlackRock Inc. private credit fund in Asia has suffered the first default by a borrower in its portfolio after a Chinese company failed to repay a loan, according to people familiar with the matter.
Source
Bloomberg Markets
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A US-sanctioned tanker linked to China is making its way through the Strait of Hormuz, testing President Donald Trump’s naval blockade.
Amazon.com Inc. is in advanced talks to acquire satellite operator Globalstar Inc. in a deal that would boost the tech giant’s efforts to build its own satellite operation, according to people familiar with the matter.
Copper rose to the highest level in more than a month and other industrial metals were mainly up on optimism the US and Iran will restart peace talks.
Feeding nearly 83 million people in Indonesia, including children and pregnant mothers, for free — that’s President Prabowo Subianto’s lofty $15 billion plan. There are critics of the program, but is it too big to fail? Rosalind Mathieson explains. (Source: Bloomberg)
