Debt relief delays could mean ‘disorderly’ defaults: IMF official
By Rachel Savage and Kopano Gumbi JOHANNESBURG (Reuters) – The flagship debt restructuring process for low income countries needs to speed up, otherwise there could …
defaults,
China banks step up sales of bad loans as consumer defaults rise
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts …
China’s troubled property sector to face more debt defaults
By Xie Yu HONG KONG (Reuters) – More debt defaults are likely to emerge in China’s property sector as troubled developers struggle with a weak …
US hotel loan defaults could rise on falling leisure stays, climbing costs
By Matt Tracy (Reuters) – U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline …
Corporate defaults jump, highest August monthly tally since 2009 – S&P
LONDON (Reuters) – The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a …
Analysis-Banks step up U.S property loan tweaks to limit defaults
By Shankar Ramakrishnan and Matt Tracy (Reuters) – Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to …
JPMorgan sees rise in corporate defaults in Latin America
(Reuters) – JPMorgan increased its corporate default rate forecast for all emerging markets to 6% from 5.5% on Monday, citing in particular growing risk among …
BOJ’s Ueda warns of market turmoil if US defaults on its debt
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday a U.S. debt default could trigger market turmoil, and will likely have a …
More small emerging market defaults ‘probable’ in 2023 – Fitch
JOHANNESBURG (Reuters) -More sovereign defaults are “probable” next year among small emerging market countries, ratings agency Fitch said in its 2023 outlook on Monday, citing …
Biden administration warns of large increase in student loan defaults without debt forgiveness – CNBC
(Reuters) – Biden administration has warned of a ‘historically large increase’ in student loan defaults without debt forgiveness, CNBC reported on Wednesday. (Reporting by Maria …
Exclusive-Brazil coffee defaults spike for second year in a row
By Maytaal Angel and Marcelo Teixeira LONDON/NEW YORK (Reuters) – Brazilian coffee farmers are defaulting on contracts for a second straight year, according to traders …
China property, Russia drive emerging market Q3 corporate defaults – JPMorgan
LONDON (Reuters) – Defaults among emerging market companies continued to pile up in the third quarter due to troubles in Russia as well as China’s …
Germany’s municipal utilities expect up to 15% client defaults -Funke
BERLIN (Reuters) – Germany’s municipal utilities expect up to 15% of their clients to default on payments because of high gas prices, the head of …
Timeline – The Bolsheviks to Putin: a history of Russian defaults
By Jorgelina do Rosario LONDON – In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks’ repudiation of Russia’s external debt: “Gentlemen, …
Timeline: The Bolsheviks to Putin: a history of Russian defaults
By Jorgelina do Rosario LONDON – In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks’ repudiation of Russia’s external debt: “Gentlemen, …
Exclusive-Washington man arrested for impersonating agent left trail of defaults and debt
By Sarah N. Lynch WASHINGTON – Before Arian Taherzadeh was arrested for impersonating a U.S. law enforcement agent, he portrayed himself as a wealthy playboy …
China developer Zhenro defaults on interest payments for two offshore bonds
HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months …
Largest Chinese Residential Developer Defaults On Massive Debt
A major credit ratings firm declared that real estate giant China Evergrande was in default on Thursday, creating the potential for the communist country’s financial …