The Business Times

Sebastien Canderle

Sewage treatment works, owned by Thames Water, in west London. In cases where debt-ridden companies provide vital services, governments usually have to step in, as the UK authorities are expected to do in a potential renationalisation of Thames Water.
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Distress investing: Crime scene investigation

FILE PHOTO: A man walks past a Reliance Industries Limited sign board installed on a road divider in the western Indian city of Gandhinagar, January 17, 2014. REUTERS/Amit Dave/File Photo
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Private capital: Lessons from the conglomerate era

“Independent” central banks purchased government bonds to keep the economy afloat throughout the 2010s and resorted to even more unconventional monetary policies during the pandemic.
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Public debt: Four ways to deleverage

To anyone with experience in the markets, many axioms of the efficient market hypothesis -- including perfect information, investor rationality -- are, at best, farfetched.
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Debunking the myth of market efficiency

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