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The China Evergrande Group has been declared in default on its dollar debt by Fitch Ratings. Evergrande is the second largest residential real estate compa

As the default of Chinese property developer Evergrande looms, with $300 billion in liabilities in question, Chinese real ...

The failure of the latest efforts to suspend the U.S. federal government’s debt limit indicates that the current stand-off could be among the most protracted since 2013, Fitch Ratings says. Fitch believes that the debt limit will be raised or suspended in time to avert a default event, but if this were not done in ...

Eurobonds default: a one-year anniversary Is Lebanon running out of options? It has been one year since the Lebanese government defaulted on a USD 1.2 billion Eurobonds issuance that was due on March 9 th 2020. One year on, negotiations with Eurobond holders have still not begun, and no good faith discussions with the International Monetary Fund (IMF) have been engaged in order to help negotiate a financial aid package and also on engaging stakeholders. The default on the payment, the first in Lebanon’s history, resulted in a default on all Eurobonds issuance, due to specific clauses in the...

The world’s wealthy countries are at risk of a moral default A screen before the start of the virtual G20 meeting hosted by Saudi Arabia, amid the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium November 21, 2020. REUTERS/Yves Herman/Pool After a four-year hiatus, multilateralism and global cooperation have made a decisive return to the American president’s agenda. The Biden administration’s initial steps have been in the right direction, including re-entry into the Paris climate accord and a fresh four billion dollars for equitable global vaccine distribution through the ...