Greenko Group founders are reducing their acquisition of Orix Corporation’s stake due to tightening credit markets. They now aim to raise $610 million to purchase 17.3% of the holding company, down from the initially planned $800 million for a 20% stake.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale