Telecom Firms Face Refinancing Risks as Big-Spending Era Bites
Europe’s technology, media and telecom companies are set to struggle when it comes to refinancing after several years of heavy investment swelled debtloads in the sector.
Europe’s technology, media and telecom companies are set to struggle when it comes to refinancing after several years of heavy investment swelled debtloads in the sector.
Austrian home prices fell for the second consecutive quarter as families struggle with inflation and higher financing costs.
Stocks and equity futures retreated after Australia’s central bank stirred speculation that global policy makers will extend tightening cycles.
China’s Baoshan Iron & Steel Co. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in Saudi Arabia, as the two countries deepen commercial ties.
Hong Kong plans to slash the number of directly elected seats in local district councils as authorities seek to prevent activists from gaining power.
Underlying inflation in the euro area eased for the first time in 10 months, backing the case for the European Central Bank to slow the most aggressive interest-rate hiking campaign in its history later this week.
Japan Airlines Co. will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand fueled by e-commerce and parcel delivery.
Air France is pressing the French government to limit Chinese airlines’ access to the country, saying they enjoy an unfair advantage because they can fly over Russian airspace closed to many other carriers.
The leaders of Japan and South Korea are set to hold their first formal summit in Seoul in 12 years, seeking to mend ties that hurt trade and security cooperation between the two US allies.
Pakistan companies are increasingly looking to buy back shares after valuations tumbled to the lowest level in at least a decade as the nation seeks to settle a $6.5 billion bailout program to avoid default.