Primary Health Care Ltd., an Australian provider of medical services, cut interest costs on loans by more than a quarter in a A$1.25 billion ($1.14 billion) refinancing, according to two people familiar with the matter.
Traders are betting Australia’s dollar will extend its biggest decline in five years as policy makers flag that intervention to weaken the currency is an option, 30 years after they dropped exchange controls.
Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, walked into the high-end New York department store Bergdorf Goodman in the mid-1990s looking for a suit. He left empty-handed.
Indonesia’s rupiah dropped to the weakest level since March 2009 after the nation missed its fundraising target at a domestic dollar debt sale amid concern the Federal Reserve will bring forward a plan to cut stimulus.