• Mon
  • Sep 22, 2014
  • Updated: 4:19pm

Debt

Suntech Power fails to repay US$541m bond

The move pushed what was once the world's biggest solar panel maker into default on credit lines it had with the International Finance Corp and mainland lenders, Suntech said yesterday in a statement from its headquarters in Wuxi.

Tuesday, 19 March, 2013, 5:34am

Forecasts drive up car bond sales

Guangzhou Automobile Industry Group, Zhejiang Geely and Wanxiang Qianchao are among companies that have sold 8.2 billion yuan (HK$10.1 billion) of debt so far this year, compared with 2.5 billion yuan a year earlier, according to data compiled by Bloomberg. Overall corporate bond sales rose 21 per cent to 399 billion yuan.

23 Feb 2013 - 3:21am

Mainland corporate borrowing soars to service debt

Mainland companies are spending more than ever to service debt after their borrowing almost tripled over five years, prompting strategists to warn of rising default risk and a threat to economic growth.

29 Jan 2013 - 5:31am

Asset managers calm worries over junk bonds

The recent debt issues by mainland developers in Hong Kong will not result in excessive supply and investors should still consider these high-yield bonds as an attractive asset class this year, asset management firms say.

18 Jan 2013 - 5:27am

More fiscal stimulus may add to Japan debt woes

Japan's debt burden will become "more serious" as its government takes extra steps to stimulate growth in the world's third-biggest economy, according to an International Monetary Fund economist.

16 Jan 2013 - 3:41am

Travellers left high and dry as Smart Holiday closes

Travel agency Smart Holiday closed its branches across the city yesterday after its licence was cancelled, leaving 1,900 travellers out of pocket.

9 Jan 2013 - 5:17am 1 comment

Ex-IRA man's road to ruin likely to be repeated across Ireland

Few people represent the extremes of Ireland's recent history more than Thomas McFeely.

12 Dec 2012 - 4:17am

Euro gains to six-week high as Greece offers debt-buyback plan

The euro rose to a six-week high versus the dollar as a Greek offer to spend as much as 10 billion euros to buy back government securities eased concern the regions’ debt crisis is worsening.

4 Dec 2012 - 7:14am

CCB joins capital raising queue - again

The near non-stop capital raising by major Chinese banks is showing no sign of slowing, with China Construction Bank (0939.HK; Shanghai: 601939) announcing yet another new plan to sell up to 40 billion yuan, or US$

19 Nov 2012 - 7:19pm

What 'pivot'? Real US-China war will be over money

Anyone who fears that Washington's "pivot" towards the Pacific increases the risk of conflict between the United States and China is behind the times.

America and China are already at war. Only the battle ground isn't the East China Sea. It's money.

13 Sep 2012 - 3:14am 3 comments