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...It was also better placed to take over construction sites in case of defaults, she added....
...China Index Academy, a Shanghai-based consultancy, reported 584,000 foreclosures in China in the first nine months of 2023, up almost a third from a year earlier....
...Anglo American’s boss Duncan Wanblad has said the British mining group will not “shrink itself to greatness” in the face of growing pressure to take radical action in reshaping its misfiring portfolio and...
...Brera Ilch FC (formerly Bayanzürkh Sporting Ilch) last Saturday sank to a 6-1 loss in its first game under the control of Brera Holdings, a Nasdaq-listed “social impact football (American soccer) business...
...The bank had not been hit by any new defaults in the first two months of the new year, he said. The bank earmarked €350mn for loan loss provisions for 2024, compared with €441mn last year....
...Africa’s second most populous country first sought debt relief in 2021 as pressures from the coronavirus pandemic and conflict in the northern Tigray region hampered economic growth....
...The rating agency’s baseline scenario is for the global default rate to peak at 4.9 per cent in the first three months of 2024, before declining “more modestly and gradually” than it did in both the 2008...
...“We are the first ones to get the ball rolling, but when we are successful, it will be everyone’s success within the industry, except for the executives.”...
...Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Started in the 1920s, first performed in 1931, the symphony blends the melodies and harmonies of the blues into traditional classical structures, creating a heartwarming, post-Romantic atmosphere....
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...The US bank, the bond’s trustee with authority to enforce its terms, told creditors last week an “event of default” had occurred, in a notice seen by the FT....
...First, industrial policy requires goals for outputs, not goals for mobilising investment....
...The US Department of Justice has charged four Russian soldiers with war crimes for torturing an American national in Ukraine, the first indictment of its kind brought under US law....
...China’s President Xi Jinping met US chief executives including Chubb’s Evan Greenberg and Qualcomm’s Cristiano Amon today in Beijing as American business leaders sought to mend ties frayed by geopolitical...
...While banks are not yet dealing with higher losses, rising delinquency rates could point to higher defaults in the future....
...Mexico has become the latest major Latin American country to cut interest rates, easing its restrictive policy with inflation well below its peak and putting the region at the forefront of the global easing...
...However, the carrier said it would swing to a loss in the first quarter due to fuel costs and current demand trends....
...This shouldn’t be a shocking development, as Powell expressed concern about the potential downsides of the proposal when it was first released....
...The Bank of Mexico on Thursday cut interest rates for the first time in this cycle, making it the latest major Latin American central bank to begin lowering borrowing costs....
...First, corporate bonds were losing money across the board because of the aforementioned Fed rate hikes....
...First, the Fed’s staff recommended that the central bank buy defaulted Treasuries as part of their (then ongoing) QE: . . . unless otherwise directed by the Committee, the Desk intends to accept defaulted...
...The new private credit sector will also face defaults for the first time — to what extent there will be contagion among traditional banks remains to be seen....
...But aren’t rating agencies supposed to analyse the likelihood that a borrower might default, taking into account all available information? Covenants are key to default risk in my view. So, what next?...
...Times first asked the question....
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