Investors in Seychelles dollar debt are being rewarded with region-beating returns almost six years after the Indian Ocean archipelago defaulted as an improvement in tourism spurs economic growth.
Etihad Airways PJSC is moving closer to negotiations with Alitalia SpA on a plan to invest in the ailing carrier that was propped up last year by Italy’s government.
Jet Airways India Ltd., the South Asian carrier in which Etihad Airways PJSC owns a 24 percent stake, posted a record quarterly loss and forecast it won’t be profitable until the second half of 2016. The shares slumped.
From Serbia to the Seychelles, Etihad Airways Chief James Hogan is being greeted as a savior for his willingness to bail out cash-strapped carriers.
Seychelles’s weakening rupee is fueling inflation and risks reducing the foreign reserves of the Indian Ocean archipelago, central bank Governor Pierre Laporte said.
A court in the Seychelles sentenced five Somali pirates to 18 years in prison for attacking French ships in the Indian Ocean, the Seychelles Nation reported.
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