Funding & Business
China Mulls Helping Local Governments With $1 Trillion of Bills
China is preparing to tackle the significant backlog of unpaid bills owed by local governments to the private sector, according to people familiar with the matter, an amount of arrears some have estimated at over $1 trillion.
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Customers Bank CEO Sam Sidhu tells Open Interest he’s expecting a stronger half of 2025 thanks to stronger pipelines. He says customers are optimistic and eager for a rate cut. (Source: Bloomberg)
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Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.
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Construction work at a Hyundai Motor Co. joint-venture battery plant in Georgia that was raided by US immigration authorities is being delayed as the companies involved grapple with worker shortages.
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