SoftBank's IPO Plan Raises Doubts on $33-Billion Bond Guarantees

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SoftBank's IPO Plan Raises Doubts on $33-Billion Bond Guarantees

The mobile division SoftBank Corp. assures payments to investors on $33.4 billion in bonds of its parent, which is rated junk by Moody's Investors Service and S&P Global Ratings, according to Bloomberg-compiled data. The unit needs to prove its independence to get listed on the Tokyo Stock
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Indonesia Hopes to Lure the World's Top Oil Companies

Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world's top oil companies as the former OPEC member seeks to reverse a decline in oil and gas production. The Energy and Mineral Resources Ministry will seek bids for as many as 40 oil and gas blocks
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Terengganu Girl Makes History As First Malay To Attain No 1 ACCA World-Ranking

BESUT: Passion, determination and hard work has led one 21-year-old Terengganu-native to create history for the country and make a name for herself with her remarkable achievement. The accounting student from the Intec Education College of Kuala Lumpur, Wan Nur Mafudah Wan Yusof, recently
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Why Swiss Vollgeld Vote Has the Central Bank Nervous

In Harry Potter's world, the goblins who run Gringotts Wizarding Bank store deposits deep in caves, where they sit untouched until they're called for. That's not the way banks work in Switzerland, or anywhere else. But a movement calling for sovereign money, or Vollgeld in German, will get its test there
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Once OPEC's Oil-Price Dove, Saudi Arabia Takes a Harder Line

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles
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