Beijing’s bid to rival US as debt haven at risk after crackdowns
(BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However, red flags […]
China’s bid to rival US as debt haven at risk after crackdowns
TORONTO (BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However, red […]
Kaisa bondholders reject Chinese developer’s debt swap proposal
HONG KONG (BLOOMBERG) – Kaisa Group Holdings failed to win approval from bondholders for a debt swap designed to avert default. The firm had sought to exchange its US$400 million […]
Yellen extends US debt limit default deadline to Dec 15
WASHINGTON (REUTERS) – US Treasury Secretary Janet Ms Yellen on Tuesday (Nov 16) extended a deadline for a potential US government default to Dec 15 from Dec 3, giving Congress […]
As Evergrande default looms, what legal options do offshore creditors have?
LONDON/HONG KONG (REUTERS) – With China Evergrande Group’s default deadline drawing closer, offshore bond investors in the property developer are pondering their legal options to safeguard their investments. Below are […]
Banks cashing in on ESG bonds amid climate crisis
(BLOOMBERG) – While many banks have been condemned for contributing to the climate crisis by helping fossil fuel producers raise cash in debt markets, the banking industry as a whole […]
Relief rally in US stocks as default threat put off
NEW YORK (AFP) – Wall Street stocks rallied on Thursday (Oct 7) in a buoyant session propelled by relief at a congressional agreement that removed the near-term risk of a […]
US stocks advance as default risk appears to ebb
NEW YORK (AFP) – Wall Street stocks finished modestly higher on Wednesday (Oct 6) after trading in the red most of the session as congressional Republicans offered a compromise in […]
Evergrande debt troubles seem particular to China: US Fed chief
WASHINGTON (REUTERS, BLOOMBERG) – United States Federal Reserve chair Jerome Powell said on Wednesday (Sept 22) that the debt problems of property developer Evergrande seem particular to China and that […]
Republicans withhold support for US debt ceiling increase
WASHINGTON (AFP) – Republicans leaders in Congress on Tuesday (Sept 14) continued to withhold support for efforts by the Democratic majority to increase the United States debt ceiling. Treasury Secretary […]
Struggles facing China’s Evergrande not panicking markets – yet
NEW YORK (AFP) – Debt-crippled Chinese real estate giant Evergrande’s troubles are being watched closely by foreign investors, but markets do not seem to fear a major contagion, at least […]
Yellen warns of ‘unthinkable’ US default risk in August without debt limit hike
WASHINGTON (REUTERS) – United States Treasury Secretary Janet Yellen on Wednesday (June 23) warned Congress that the US risks a debt default and a new financial crisis as soon as […]
When debt makes climate change worse
(NYTIMES) – How does a country deal with climate disasters when it is drowning in debt? Not very well, it turns out. Especially not when a global pandemic clobbers its […]
Court grants Hyflux ‘last’ adjournment to judicial management application
SINGAPORE (THE BUSINESS TIMES) – Hyflux has a last chance for a firm conclusion to one of three rescue deals currently on the table, as Justice Aedit Abdullah on Wednesday […]