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China Everbright Shares Crash After $1.3 Billion Rights Issue
China Everbright International Ltd. plans to raise about HK$9.96 billion ($1.27 billion) from a rights issue for its waste-to-energy projects, business expansion and the repayment of bank loans. The shares plunged as much as 26 percent.
Rupee Slips Past 70 Per Dollar For the First Time
The Indian rupee hit the 70-per dollar mark for the first time, tumbling to a record low, as a Turkey-led rout in emerging-market currencies intensified losses.
Saudi Mortgage Growth to Aid Rebound in Lending at Al Rajhi Bank
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender, reverse a decline in lending.
Tata Steel Climbs After Quarterly Profit Doubles on Demand Boom
Tata Steel Ltd. shares advanced in Mumbai after the company said first-quarter profit doubled, with results bolstered by rising demand in India and growth in the global market supported by lower exports from China.
A $40 Billion Plan to Cash Out Of Bitcoin
A rumored IPO of the world’s biggest crypto-miner might end up as a play on advanced AI chips.
Canada’s Biggest Builder Faces ‘New Level of Risk’ in Saudi Feud
Canada’s diplomatic clash with Saudi Arabia is threatening a key pillar of SNC-Lavalin Group Inc.’s growth plan.
Turkey Crisis Tests Putin's Power to Tilt Global Game With U.S.
Turkey’s political conflict with the U.S. and the crisis engulfing its currency offer a golden opportunity for Russian President Vladimir Putin to try to pry a key geopolitical swing state away from its western allies. It may not be that simple.
Europe May Have Stable Weather Until October. But Not Everyone Is Happy
Europe may see a high pressure weather system, with low wind levels, until October — but not everyone is happy
China Churns Out Most Steel Ever as Prices Hit Six-Year High
China, supplier of more than half the world’s steel, produced a record amount in July as mills boost runs to benefit from healthy margins amid a boom in prices to the highest level in six years.
Jet Airways Lenders Are Wary of Extending New Loans
Jet Airways India Ltd.’s lenders are reluctant to extend additional loans to the cash-strapped airline ahead of a key report by the company’s financial auditor, according to people with direct knowledge of the matter.