First Chinese State-Owned Firm Defaults On Its Bonds
Just hours after Chinese property developer Kaisa defaulted on two dollar-denominated 2018 notes (the 30-day grace period on some $52 million in interest due March 18 expired), we learn that a third publicly-listed Chinese firm will now miss a coupon payment proving yet again that “you never know where the skeletons in the closet are or what company will be next.”
Greece May Sign Russia Gas Deal As Soon As Today
Markets are recovering from Friday’s big selloff, with stocks in Europe and the US rallying.
Saudi Arabia Orders Its National Guard To Enter Yemen War
It appears that Herr Schaeuble will be left in the cold as following comments from the Greek energy minister that a deal is coming “soon,” it is being reported that: