Carson Block, the short-seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Plc because of “deteriorating” loan quality, triggering a 13.5 percent jump in the cost of insuring against losses on the debt of the British lender.
Carson Block, the short seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Bank Plc, the U.K. bank that earns most of its profit in Asia, because of the “deteriorating” quality of the loans it has made.
Bumi Plc, the coal company at the center of dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family, said it hasn’t uncovered a “black hole” in a probe of contractors at its largest unit.
Bumi Plc, the coal company that has been at the center of a dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family, said Chief Financial Officer Scott Merrillees will resign in June.
Nathaniel Rothschild’s bid to oust most of the board of Bumi Plc, the Indonesian coal venture he founded and is fighting to gain control of, may struggle after one of his earlier supporters said it would vote against him.