Another Chinese property developer defaults, shares drop
Modern Land (1107.HK) reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group (3333.HK) and dragging on shares in the sector.
American Airlines forecasts first positive cash flow since pandemic began
American Airlines (AAL.O) said on Tuesday it expects positive cash flow in the second quarter for the first time since the pandemic began, reversing a trend of cash burn of about $100 million a day when global travel had ground to a halt.
Explainer: How will EU ban on 10 banks from bond sales impact markets and banks?
LONDON, June 17 (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.
U.S. Fed’s reverse repo volume surges to record half a trillion dollars
The Federal Reserve’s reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions flush with liquidity flocked to the Fed facility to park their cash and secure Treasury collateral.
Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers
Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now.
Global liquidity and bull run in Domestic Equity Market Trigger Firms Raise over Crores
As the volume of cross-border transactions is growing at an astounding rate in the last decade, it has been accompanied by a number of qualitative changes.
