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CHINESE CORPORATE DEFAULTS
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
Nvidia Q1 earnings report preview: Can NVDA beat AI chip rivals AMD, Amazon, Google, and Cerebras again? The AI giant faces its most critical Wall Street moment of the yearNvidia Q1 earnings report: With $78.75B in expected revenue and rising competition from AMD, Cerebras, Amazon, and Google, Nvidia's Q1 FY20...
India-China energy cooperation doesn't require warm relations, or lofty civilisational rhetoricIndia and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations see...
China's financial reckoning: Judge Linda Chan takes center stage amid real estate giants' debt woesJudge Linda Chan presides over an unprecedented wave of Chinese corporate defaults, holding real estate giants like Evergrande accountable....
Country Garden says founder, board chairperson at work, haven't left ChinaFounder Yeung Kwok Keung quit Country Garden's board in March and daughter Yang Huiyan became chairperson. Yeung remains a special adviser.
Country Garden default talk swirls as offshore debt deadline passesCountry Garden reiterated on Wednesday that it expects to be unable to meet all of its offshore debt obligations and hopes to seek a "holis...
China's Country Garden offshore debt default loomsThe repayments had not been made by early Wednesday, Reuters reported. The company last week warned of its inability to meet offshore debt ...
Country Garden's entire offshore debt to be in default if Tuesday payment not madeNon-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts.
China finance giant alarms markets, regulators with missed paymentsChina's banking regulator has established a task force to examine risks at wealth management group Zhongzhi Enterprise, after several of it...
China Evergrande onshore bond trading suspended after downgradeGoldman Sachs said in a report that because Evergrande has dollar bonds issued by both the parent company and a special purpose vehicle, re...
Rush for emerging market company bonds as investors look beyond Covid-19A breakdown of the push into emerging market corporate debt is not available, but fund managers see signs of growing interest as the passin...
China stocks end higher on materials, machinery boost; post weekly gainThe blue-chip CSI300 index was up 0.31%, with its material sector sub-index jumping 2.14% and the industrial sector sub-index gaining 1.36%.
Surprise defaults may slow global stampede into China bondsState-owned miner Yongcheng Coal and Electricity Holding Group surprised investors and sparked a regulatory probe by defaulting this week o...
China stocks end lower on U.S. ban, bond default jitters; post weekly lossThe blue-chip CSI300 index ended 1.1% lower at 4,856.85, while the Shanghai Composite Index eased 0.9% to 3,310.10.
China investors brace for record defaults in risky end to 2020While few see a crisis in the offing, debt specialists at SC Lowy and Adamas Asset Management are becoming more selective in China, arguing...
The $15 billion reason why Asia bond defaults could riseGS forecasts a 3 per cent default rate next year for Asia high-yield corporate bonds.
India keeps a close watch on Kenya as it falls under China's debt trapKenya could lose its Mombasa port to China along the lines of Hambantota port in Sri Lanka.
China set for record defaults, and downgrades tip more painBorrowers have missed payments on at least 20 domestic bonds so far this year, according to data compiled by Bloomberg.
Listed firms’ ability in China to service their debt has dropped to lowest since 1992The extra yield investors demand to hold seven-year onshore corporate bonds with top ratings over similarmaturity government notes has jump...
If you thought China’s equity bubble was scary, check out bondsAs a rout in this year erased $5 trillion of value, investors fled for safety in the nation’s red-hot corporate bond market.