JPMorgan has raised its emerging markets corporate high-yield default forecast to 10.7% for 2022, and said on Thursday Chinese developers' default rate could be near 40%.
Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds
Colombo has called in financial advisers Lazard as it prepares to renegotiate its complex web of creditors, including bilateral loans from Japan, India and China
The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year
Hit hard by the pandemic, rising oil prices and populist tax cuts, Sri Lanka's dire economic situation has led to spiralling inflation and shortages of essential supplies
US bank has warned that the combination of Russia's war in Ukraine and China's property crash could see the worst wave of corporate defaults since the global financial crisis
China Construction Bank, the underwriter, said in a statement on Wednesday Yango did not pay the principal and interest in full on the due date
If the struggling property developer fails to find $82.5m in interest payments due last month, it would put the group at risk of becoming China's biggest-ever defaulter
(ATF) A Chinese court has accepted an application from a creditor for a reorganisation of Huachen Automotive Group...