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  • Monday’s resignation of Lebanon’s government in the wake of last week’s blast in Beirut has intensified angst among market spectators over the country’s future. IMF assistance hinges on the new government being reformers, and investors are being urged to be patient through what is expected to be a rocky restructuring process.
  • US president Donald Trump’s sudden targeting of Tencent Holdings and its flagship app WeChat last week was vague in the extreme. But what is clear is the Trump administration’s increasing willingness to go after China’s tech darlings. That should not be ignored.
  • Indian agricultural company Jain Irrigation Systems, which has been navigating a liquidity crisis for more than a year, has put in place two restructuring plans for its onshore and offshore debt.
  • Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.
  • GlobalCapital and Standard Chartered hosted a virtual roundtable on the China high yield debt market at the end of July as the second part of a 2020 roundtable series. The first was conducted in mid-April. The market has seen drastic changes in the months since. We gathered together a group of leading high yield bond experts to find out how they have dealt with those changes.
  • ICICI Bank has closed its up to Rp150bn ($2bn) qualified institutional placement, according to a source close to the deal.