Sudan must reform or seek bailout to pull economy out of nosedive

KHARTOUM: Sudan must implement radical reforms or seek a bailout from friendly nations to pull its economy out of the current downward spiral, economists and bankers say. The government has run up budget deficits by subsidising the cost of fuel, bread and other products. To cover this deficit, it has expanded the money supply. But […]

Godiva shortlists bidders in $1.5b Asia sale

Hong Kong. Baring Private Equity Asia and CVC Capital Partners are among suitors that were picked to make final offers for Asia-Pacific assets being sold by premium chocolatier Godiva, people with knowledge of the matter said. North Asian buyout firm MBK Partners and Marunouchi Capital, an investment arm of Japan’s Mitsubishi Corp, were also shortlisted […]