South African Airways (SAA)
had to be placed on "business rescue" because there was no other
viable and financially workable option to secure a credible
future for the state-owned airline, President Cyril Ramaphosa
said on Monday.
Swiss private bank Vontobel
on Monday said it was handing over its equity brokerage
business to Zuercher Kantonalbank (ZKB) and said its results for
the first 11 months of 2019 were better than a year ago.
enterprise (SOE) in China's northern province of Inner Mongolia
defaulted on part of a 1 billion yuan ($142.1 million)
privately-issued bond over the weekend, the latest in a string
of corporate delinquencies that has raised concerns about
contagion risk as the economy slows.
South African Airways had to
be placed on "business rescue" because there was no other viable
and financially workable option for a credible future for the
state-owned airline, President Cyril Ramaphosa said on Monday.
Australian shares advanced on Monday led
by a Wall Street rally after solid U.S. jobs data, while
commodity stocks cheered better-than-expected import data from
China, the biggest buyer of the country's resource exports.
Most Southeast Asian markets were subdued
on Monday as weak export data from China, the region's biggest
trading partner, signalled weakness for the broader Asian
economy, offsetting positive Wall Street clues following solid
U.S. jobs print.
Investor sentiment was hit after data projected t