ASIA CREDIT CLOSE: Korea CDS continues rebound

TORONTO: Apple Inc priced its C$2.5 billion ($1.96 billion) in seven-year bonds in a Canadian-dollar-denominated issue, one of the joint book-running managers said on Tuesday, setting a record amount for an issuer in the Maple bond market. The deal, which ...

With IndiGo executing its long haul low-cost plans the airline will certainly need a lot of cash going forward.Arindam Majumder reports. A combination of factors ranging from a new accounting standard to lack of good value proposition for the A320 neo aircraft in the lessor market might have forced IndiGo to reconsider the sale-and-leaseback model -- one of the basic fundamentals that contributed to the airline’s success story. With 118 of its 131 aircraft on operating lease, IndiGo has ...

Jet Airways has informed stock exchanges that its financial results for the June quarter would be delayed since it is adopting new accounting standards from this fiscal. The airline proposes to hold its board meeting for approval of the financial results for ...

Domestic airlines will see "varying effects" on their profits in the coming years as they will be required to show all aircraft leases on their balance sheets under a new accounting standard, according to experts. Leasing of aircraft rather than outright ...

City: New Delhi The Indian Accounting Standards (Ind AS) is not alien to anyone in India anymore. 2016 has been a landmark year in making Phase I companies Ind AS complaint - i.e. shaping them into this new accounting framework converged with the IFRS.

Dr Reddy's Laboratories Limited today said its consolidated profit after tax (PAT) for the quarter ended June 30 was down by 53 per cent to Rs 59.1 crore (as per IFRS), owing to price erosion in the US market and implementation of GST in India. The city-based ...

PricewaterhouseCoopers today said it has launched its educational business firm PwC Academy in India, which offers a variety of training courses based on the best practices of the consultant's global network of firms. The programmes will initially be launched ...

By John Geddie, Alice Gledhill and Renee Maltezou LONDON/ATHENS (Reuters/IFR) - Greece sold debt to private investors for the first time in three years on Tuesday, a significant step towards gaining financial independence and exiting its third international ...

By Elzio Barreto HONG KONG (Reuters) - The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. It becomes only the sixth company to fall foul of ...