Adani, Tata, Brookfield and JSPL have said they won’t submit financial bids for KSK Mahanadi Power’s ultra-mega power plant unless its water and railway infrastructure are included in the sale, according to people aware of the matter, creating a hurdle in the company’s insolvency process, the Economic Times (India) reported. The four bidders were among seven applicants that had expressed interest in acquiring the power company that owns a 3,600 MW thermal power plant in Chhattisgarh.

The International Monetary Fund said that China urgently needs to take steps to contain financial stability risks as the economy’s recovery takes hold, Bloomberg News reported. Virus relief measures that are “potentially distortionary” should be gradually phased out, the Washington-based lender said in its annual Article IV report released on Friday.

New rules from a major Japanese financial industry group to encourage transparency in the corporate bond market took effect this year, with the first debt sales under the guidelines set for Friday, Bloomberg News reported. Japan Securities Dealers Association--which comprises about 500 securities firms, banks, and other financial institutions--put the rules into force on Jan. 1. They require banks underwriting bond deals of over 10 billion yen ($97 million) to disclose to issuers the names and order sizes of major buyers and any investors who bought 1 billion yen or more.

The parent company of Malaysia Airlines said on Thursday it was nearing the end of a debt restructuring process which it hopes will be completed by the end of the first quarter of this year, Reuters reported. Malaysia Aviation Group (MAG) said it was in talks with around 40 creditors and lessors to take a haircut in its 16-billion-ringgit ($3.99 billion) debt restructuring plan, adding it was confident it could achieve a “win-win” result for all.

The New York Stock Exchange said on Wednesday that it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings, Reuters reported. The latest move, which is effective Jan. 11, marks the third time in less than a week the Big Board has ruled on the matter. The flip-flopping highlights the confusion over which firms were included in an executive order issued by President Donald Trump in November barring U.S.

Digital services taxes adopted by India, Italy and Turkey discriminate against U.S. companies and are inconsistent with international tax principles, the U.S. Trade Representative’s office said on Wednesday, paving the way for potential retaliatory tariffs, Reuters reported.

North Korea’s leader, Kim Jong-un, admitted on Tuesday that his efforts to rebuild the country’s moribund economy have failed, as he opened his country’s biggest political event amid deepening economic trouble caused by the one-two punch of international sanctions and the coronavirus pandemic, the New York Times reported. “Our five-year economic development plan has fallen greatly short of its goals in almost all sectors,” Mr. Kim said in his opening speech to the ruling Workers’ Party’s eighth congress that began in Pyongyang, the capital, on Tuesday. Mr.

Australian businesses are bracing for a wave of insolvency when JobKeeper payments end in three months after changes to bankruptcy laws were initiated at the start of the year and border closures continue to impact employers, SkyNews.com reported. The federal government temporarily changed bankruptcy legislation at the peak of the coronanvirus outbreak to help employers make it through the pandemic. Creditors will be allowed to apply for a bankruptcy notice against a business when outstanding debts reach $10,000 since the safe rules have now ended.