First Chinese State-Owned Firm Defaults On Its Bonds

blog9

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.”

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Saudi Arabia Orders Its National Guard To Enter Yemen War

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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:

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