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 […]
Currencies recover from Omicron chaos but analysts warn more volatility ahead
OTTAWA (REUTERS) – Currency markets calmed on Monday (Nov 29) in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last […]
Bitcoin bond on horizon sends El Salvador’s dollar debt diving
NEW YORK (BLOOMBERG) – Plans for a US$1 billion (S$1.36 billion) Bitcoin bond in El Salvador sent the nation’s US dollar-denominated bonds to an all-time low. El Salvador’s dollar denominated […]
Evergrande set to avoid default after paying overdue interest
NEW YORK (BLOOMBERG) – Property developer China Evergrande Group looks set to avert another default in its biggest test since its debt crisis began. Customers of international clearing firm Clearstream […]
Evergrande faces biggest payment test yet as grace periods end
HONG KONG (BLOOMBERG) – China Evergrande Group is facing its biggest payment test since signs of a liquidity crisis emerged at the firm five months ago. Investors are waiting to […]
Evergrande, bondholders take first step toward debt talks
NEW YORK (BLOOMBERG) – Advisers representing China Evergrande Group and a group of its offshore bondholders have taken what’s often a first step toward negotiations as the embattled developer faces […]
China asks firms to prepare for offshore bond repayments
BEIJING (BLOOMBERG) – A top Chinese regulator called on companies to make “active preparations” to meet payments on their offshore bonds as the crisis at China Evergrande Group and other […]
How Evergrande’s debt delinquency could play out: Best and worst-case scenarios
HONG KONG (BLOOMBERG) – China Evergrande Group may undergo one of the country’s biggest-ever debt restructurings, if the developer’s distressed-level bond prices are any indication. It’s “almost unavoidable”, said Nomura […]
European investors prove picky even with inflation fears on hold
(BLOOMBERG) – Sales of new bonds in Europe’s primary market resumed at a brisk pace on Thursday, though investors appear increasingly price sensitive amid the first murmurings of an end […]
百融云创今年首季业绩多点开花 深耕科技赋能 志存高远
HONG KONG, Apr 16, 2021 – (亚太商讯 via SEAPRWire.com) – 据星岛日报报道，随着科学技术的不断进步，人工智能逐步向社会生活的方方面面渗透。作为中国领先的独立AI技术平台，...
百融云创今年首季业绩同期增长92%，开启金融SaaS加速模式
HONG KONG, Apr 16, 2021 – (亚太商讯 via SEAPRWire.com) – 据信报报道，近年来，在人工智能、云计算、SaaS和区块链等新兴技术的推动下，中国金融服务业加速发展，与此同时，...
Rising US bond yields threaten to drive down Singapore dollar
SINGAPORE (BLOOMBERG) – Rising US bond yields leave the Singapore dollar vulnerable to retesting a four-month low against the greenback in the run-up to the city-state’s half-yearly monetary policy review. […]
S’pore stretches healthcare dollar with targeted subsidies
SINGAPORE – Healthcare spending has sometimes been compared to a balloon – squeeze it in one area and a bulge appears in another. The analogy speaks to how difficult it […]
Asia shares, dollar celebrate US stimulus, oil hits 1-year high
SYDNEY (REUTERS) – Asian shares rallied on Monday (March 8) while the US dollar held near three-month peaks after the US Senate passage of a US$1.9 trillion stimulus bill and […]
US dollar slides for third day on economic data, Biden stimulus expectations
NEW YORK (REUTERS) – The US dollar fell for a third straight session on Thursday (Jan 21), with investors seeking out higher-yielding currencies, as a slew of better-than-expected US data […]
Biden Treasury nominee Janet Yellen to say US does not seek weaker dollar: WSJ
BENGALURU (REUTERS) – Janet Yellen, President-elect Joe Biden’s pick to take over the US Treasury, is expected to affirm the United States’ commitment to market-determined foreign exchange rates when she […]
Singdollar hits 2-year high against greenback
NEW YORK • The Singapore dollar, euro, and Aussie and New Zealand dollars all posted more than two-year highs against the struggling greenback. The Singapore dollar was trading at US$1.3230 […]