Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Singapore Ruling on Bankrupt Indonesian Firm May Open Recovery Path for Others

A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investors in other insolvent Indonesian firms with links to Singapore.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

Punjab’s budgetary borrowing jumps 145pc

KARACHI: Punjab more than doubled its borrowing from banks for budgetary support during the first seven weeks of the current fiscal year, reflecting growing liquidity pressures on the country’s…

[Oening Market] KOSPI Rebounds Above 6,600 on Tech Buying

On Sept. 3, the domestic stock market started higher, leaving behind the shock of the previous day when it plummeted due to external unfavorable factors such as increased geopolitical risks and rising…

  • KOSPI rebounds above 6,600, marking a technical recovery
  • Foreign and institutional investors boosted semiconductor stocks
  • Hyundai and Kia automobiles also showed upward trends

More from Thursday 3 September →