By Rachel Savage and Kopano Gumbi JOHANNESBURG (Reuters) – The flagship debt restructuring process for low income countries needs to speed up, otherwise there could be a series of “disorderly”…
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 amid rising consumer defaults during…
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 home sales outlook, while fund…
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 in leisure stays coupled with…
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 report released on Wednesday, the…
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 prevent defaults, mitigating near-term losses…
(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 Latin American companies as access…
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 huge impact on the global…
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 a likelihood of sudden jumps…
(Reuters) – Biden administration has warned of a ‘historically large increase’ in student loan defaults without debt forgiveness, CNBC reported on Wednesday. (Reporting by Maria Ponnezhath in Bengaluru)
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 and lawyers representing the industry,…
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 property sector, with the volume…
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 local utilities organisation VKU told…
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, you were warned.” He reminded…
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, you were warned.” He reminded…
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 who wore flashy watches, drove…
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 due to the lockdown in…
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 system to take a significant…