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India, ADB sign $230 million loan to upgrade Chennai water system

India and the Asian Development Bank signed a $230 million loan agreement. This project will expand and modernize Chennai's water supply and sanitation infrastructure. It includes building new pipes and upgrading pumping stations across the city. Chennai will also implement a comprehensive ring-main system for improved water reliability. The initiative aims to enhance public health and urban…

India, ADB sign $230 million loan to upgrade Chennai water system

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Bessent faces bond-market test as Treasury tries to rein in long-term yields

US Treasury secretary Scott Bessent is taking on increasingly sceptical bond investors as Washington attempts to contain rising borrowing costs in the $32tn Treasury market without addressing the…

  • Treasury Secretary Bessent tackles long-term bond yield control challenge.
  • 10- and 30-year Treasuries yield climb despite increased purchases.
  • Administration plans to boost regular Treasury purchases to $4 billion.

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