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China's Modern Land says bond default triggers earlier repayment deadlines, pulls dividend

Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash.
Arundhati Dutta Sriraj Kalluvila Thomson Reuters Trust Principles China Evergrande Group Modern Land Thomson Reuters Trust

Firm led by famed investor reveals short position on Tesla

By Reuters Staff 1 Min Read FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs BERKELEY, Calif. (Reuters) -A firm led by high-profile investor Michael Burry on Monday revealed a short position against Tesla Inc worth more than half a billion. Family office Scion Asset Management said in a regulatory filing that it has bearish put options of 800,100 shares of Tesla or $534 million by the end of the first quarter. Tesla ...
United States Hyunjoo Jin Thomson Reuters Trust Principles Tesla Inc Michael Burry Asset Management

U.S. Treasury keeps auction sizes steady, bill decline to slow

By Reuters Staff 1 Min Read May 5 (Reuters) - The U.S. Treasury Department said on Wednesday it will keep its coupon issuance steady over the coming quarter, and that declines in outstanding Treasury bills should slow. The Treasury said it will sell $58 billion in three-year notes next week as well as $41 billion in 10-year notes and $27 billion in 30-year bonds, unchanged from last quarter. Any shifts in borrowing needs will be met with changes in its issuance of Treasury bills and cash manage...
Karen Brettell Thomson Reuters Trust Principles Us Treasury Department Thomson Reuters Trust Treasury Borrowing Urgent Sovereign Debt Auctions

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