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Two lessors file applications to cancel Garuda Indonesia restructuring deal – court

JAKARTA (Reuters) – Two lessors have filed applications in a Jakarta court in a bid to cancel flag carrier Garuda Indonesia’s restructuring deal, a court website showed. Garuda reached an agreement with its creditors, which include lessors and Islamic bond investors, last June to restructure more than $9 billion of debt. The lessors, which filed …

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India’s SBI has ‘well-manageable’ exposure to Adani Group -CreditSights

(This Feb 7 story has been correctd to say Fitch Group, not rating agency Fitch, in first paragraph 1) MUMBAI (Reuters) – State Bank of India’s exposure to the embattled Adani Group is “well-manageable”, given its strong buffer of provision reserves, said CreditSights, part of the Fitch Group, in a note on Tuesday. SBI’s total …

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Angola seeks dual listing for diamond miner Endiama, to sell 5-10% stake first

CAPE TOWN (Reuters) – Angola will seek a foreign listing for state-owned diamond miner Endiama after an initial public offering at home, its mines minister said, even as the company’s operations are affected by links with sanctions-hit Russian miner Alrosa. The OPEC member country has embarked on a major drive to reform and privatise the …

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Rescuers dig through rubble as Turkey-Syria quake death toll passes 7,800

By Ece Toksabay and Huseyin Hayatsever ANTAKYA, Turkey (Reuters) -The death toll of a devastating earthquake in southern Turkey and Syria jumped to more than 7,800 people on Tuesday as rescuers worked against time in harsh winter conditions to dig survivors out of the rubble of collapsed buildings. As the scale of the disaster became …

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Explainer-State of the Union 2023: When is Biden speaking and what do you need to know?

By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden will on Tuesday deliver his State of the Union address three months after Republicans took control of the House of Representatives, a speech that may mark the unofficial start of the 2024 presidential campaign season. Here is what to expect. WHEN IS …

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France, Germany protest U.S. green subsidies on Washington trip

By Christian Kraemer and David Lawder WASHINGTON (Reuters) -France and Germany’s economy ministers found a willingness in Washington to engage with Europe’s concerns over subsidies for green technologies under the U.S. Inflation Reduction Act, but emerged with few specifics from meetings with top officials there. European capitals worry that the act, designed to shelter U.S. …

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