RBL Bank surges most in 5 years after biggest stake-sale deal in Indian banking| Business News

Shares of RBL Bank Ltd. jumped to its highest in nearly five years after the private lender struck the biggest stake-sale deal in India’s banking history. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) On Monday, RBL Bank share price rose as much […]

China’s biggest builders hobble toward end of restructurings

(Bloomberg) — Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during a real estate crisis that has triggered $130 billion of defaults. Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during […]