Stocks Would Crash 'Violently' Even If US Avoids Immediate Default: Dudley
"I have one message for those observing or involved in the standoff over raising the US federal debt limit: Be afraid, be very afraid."
Source: businessinsider.com
Bond Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Bond Default. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Bond Default Today - Breaking & Trending Today
Embattled Chinese developer Sunac gets more creditors on board with US$9 billion offshore debt restructuring plan
The debt-laden Chinese developer said creditors representing 75 per cent of its US$9.1 billion offshore debt have agreed to restructuring terms, an outcome ‘everybody should be happy with’, according to one analyst.
Source: scmp.com
Russian Bond Trading Is Back on Offer at Top Wall Street Banks: Report
At least six Wall Street banks are cautiously trading in Russian bonds after the Treasury temporarily rolled back a block that left $2.5 billion of CDS insurance payouts stranded.
Source: businessinsider.com
Kaisa takes baby steps towards repaying US$18 billion of borrowings, aims to publish overdue 2021 accounts by October
Kaisa Group reported some progress in its debt restructuring efforts, following agreements with undisclosed onshore creditors. Offshore creditors may need to wait longer for some good news.
Source: scmp.com
Russian Railways Becomes First Company to Default in the Country
Russian Railways argued it had fulfilled its obligations on the bond worth $268 million, as wrangling over the country's debts continued.
Source: businessinsider.com