Late Thursday, Fitch Ratings said Evergrande had not confirmed payment of its latest debt obligation, triggering a default. S&P Global Ratings did not have a statement as of Friday afternoon, and referred CNBC to its report Tuesday that said “default …
A growing number of Chinese property developers are saying they can’t pay their debts, raising concerns of financial contagion as troubled property developer Evergrande Group missed another interest payment to bondholders on Tuesday. Several Chinese real estate developers have warned of defaults …
“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After years of falling production, compounding …
US rating agencies pressure Pemex and the new Mexican government. But Pemex is too big to fail. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The financial pains and strains continue to grow for the world’s most indebted oil company, …
by Dave Kranzler of Investment Research Dynamics Tesla continues to head south since hitting its post-earnings high of $321. It’s down nearly $100 from the $380 post “funding secured” tweet all-time high close on August 7th. The stock has diverged negatively from the …
by GoldCore – Trump’s America waging economic warfare against most of the world and 2 billion people with a combined GDP of more than $15 trillion – Targeted nations include China, Russia, Iran, Venezuela, Pakistan, Turkey, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic …
“Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s President-elect, Andrés Manuel Lopez Obrador (AMLO), does not enter office until December 1, …
