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The fund house will keep net equity exposure in the scheme in the range of 5-30 percent but use spot-future arbitrage to maintain the gross equity allocation above 35 percent.
(Bloomberg) -- A large but secretive group of creditors is emerging as one of the last major roadblocks to a historic restructuring of China Evergrande Group.Most Read from BloombergDebris Spotted in Search for Missing US F-35 Fighter JetVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeTrillion-Dollar Industry Powering Chicago at Risk of LeavingXi’s Missing Defense Chief Opens Door for US Military TalksIdentified onl
Evergrande's mountain of debt prompted fears in 2021 of a possible default that might send shockwaves through the global financial system.
South Africa’s plan to provide struggling power utility Eskom with debt relief and potentially write off municipalities’ arrears will improve liquidity and cut funding risks for the government, according to ratings agency Moody’s Investors Service.
Financial officers are concerned about the plan moving forward should the United States fail to reach a deal on the debt ceiling as the “X-date” approaches.