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Secretive Group of Holdout Creditors Is Key to Evergrande's Fate - Vimarsana News

Secretive Group of Holdout Creditors Is Key to Evergrande's Fate

(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

Source: yahoo.com
country garden: Shares in China's Sunac jump after creditors approve debt restructuring plan - Vimarsana News

country garden: Shares in China's Sunac jump after creditors approve debt restructuring plan

A debt crisis in China's property sector, which accounts for roughly a quarter of the economy, has sent jitters across global markets and prompted Beijing to roll out a series of measures in a bid to stabilise the sector and bolster housing demand.

Zambian president did not call Zimbabwean officials' behaviour an 'abnormality' - Vimarsana News

Zambian president did not call Zimbabwean officials' behaviour an 'abnormality'

A video of Zambia's President Hakainde Hichilema is circulating on social media alongside claims that he criticised Zimbabwean officials for condemning a report that raised issues with Zimbabwe’s recent election. This is false: the clip has been taken out of context and actually shows Hichilema addressing the Zambian parliament on his country’s debt restructuring plan.

Source: yahoo.com
Sri Lanka's Dangerous Domestic Debt Restructuring by Jayati Ghosh & Kanchana N. Ruwanpura - Vimarsana News

Sri Lanka's Dangerous Domestic Debt Restructuring by Jayati Ghosh & Kanchana N. Ruwanpura

Jayati Ghosh & Kanchana N. Ruwanpura think the government’s attempt to resolve the balance-of-payments crisis through austerity will backfire.

Sri Lanka IMF Bond: Sri Lanka announces $10 bln local bond swap deal ahead of IMF visit - Vimarsana News

Sri Lanka IMF Bond: Sri Lanka announces $10 bln local bond swap deal ahead of IMF visit

South Asia News: Sri Lanka has accepted offers to exchange $10 billion worth of defaulted local debt for new bonds, as part of its debt restructuring requirements. The