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Mutual funds have cut credit exposure after the Franklin Templeton crisis; banks and NBFCs have less flexibility.

In yet another crazy week for oil markets we have seen missile attacks on oil terminals, export threats from Putin, and storms destroying pipelines

Shimao Group Holdings is seeking buyers for nearly 40 projects to shore up liquidity, as 20 billion yuan (US$3.1 billion) of bond repayments loom this year.

Three factors have been driving US inflation – energy prices, production bottlenecks and aggressive stimulus programmes. But as these risks subside in the next two to three quarters, investors cannot afford to be complacent, given high equity valuations and the hot property markets.