bailout

Aviation & Engineering

Cathay Pacific plans $7.0 bil government-backed recapitalization

Cathay Pacific Airways Ltd. became the latest global carrier to seek a lifeline in the aftermath of Covid-19 travel restrictions, outlining a plan to raise HK$39 billion (S$7.0 billion) from the Hong Kong government and shareholders.

1MDB Watch

Malaysia probing whether China offered to bail out 1MDB

SINGAPORE (Jan 9): Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled sta

Currency Crisis

Argentina gets US$57 bil as IMF doubles down on record bailout

(Sept 27): Argentina won a promise of extra cash and faster delivery from the International Monetary Fund, which expanded a record bailout to help the country defend its currency and pull the economy out of recession.
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