Venezuelaandthejewelofitscrude-dependenteconomy,stateoilcompanyPDVSA,weredeclaredinpartialdefaultbyratingsagenciesTuesday,butthegovernmentinsisteditwasintheproc
China's bond market is likely to be stricken by a second case of stated-owned enterprises (SOE) bond default following Baoding Tianwei Group's declaration of default in April.
More defaults seem inevitable in the huge domestic bond market as the slowing economy squeezes profits and the government pledges less intervention.
Default seems certain in China's corporate bond market as the problems of a solar products maker highlights risks in the bond market.
U.S. President Barack Obama on Saturday signed a bill that lifts the country's debt ceiling through March 15, 2015, declaring a halt of the fierce bipartisan contention on the issue in a year of Congressional election.
U.S. President Barack Obama on Saturday signed a bill that lifts the country's debt ceiling through March 15, 2015, declaring a halt of the fierce bipartisan contention on the issue in a year of Congressional election.
With funds flowing out of emerging Asia to developed economies where recovery is underway and investment returns are becoming more attractive, the health of the many Asian corporations are increasingly under closer scrutiny, particularly now that many emerging Asian markets are facing some problems.
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