Hints and tips:
Billionaire investor warns it will be ‘ugly’ for the US if the Chinese economy falters
...Rating agency S&P downgraded the company three notches on Thursday to triple C on “non-payment risk” and estimated it had only $200mn, or half the required funds, currently available....
...A new version of this is being built in China, DD’s Kaye Wiggins and the FT’s Cheng Leng and Hudson Lockett report....
...Lord Theodore Agnew, a former government minister who has worked with Marshall since both served as non-executives at the Department for Education more than a decade ago, recently joined as chair....
...Online marketplace 1stDibs and Dubai-based platform Theodore and C started stocking his designs last year....
...S&P lowered its rating of the company, which has $88m in coupon payments due by Friday, to triple C minus, saying it “may not be able to service its debt in time” and pointing to a potential debt restructuring...
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Roosevelt historian Geoffrey C Ward explains his conversion to the Democratic side as the result of his political ambition, not ideology....
...Fintech Fascination Paytm’s public listing plunge casts shadow on India’s IPO pipeline Benjamin Parkin, Mercedes Ruehl and Hudson Lockett dove into the repercussions of India’s largest-ever initial public...
...Additional reporting by Wang Xueqiao in Shanghai and Hudson Lockett in Hong Kong...
...Canada’s House of Commons passed emergency legislation to unlock C$82bn in financial assistance • New Zealand and Ukraine declared states of national emergency....
...Meanwhile, the yield on ICE BofA’s US index of triple-C rated bonds, tracking some of the riskiest debt trading on the public market, sank to 7.6 pent on Friday, nearing an all-time low, as investors continued...
...The FT's Ryan McMorrow and Hudson Lockett report on what led to Beijing pulling the plug, and what it means for China's private sector....
...for Didi’s decision to list on the US market, thus tainting the prospects for the multibillion-dollar pipeline of Chinese companies awaiting their turn to ring the bell in New York, as the FT’s Hudson Lockett...
...But he also identified, famously, with his delusional heroine: “Madame Bovary, c’est moi.”...
...Additional reporting by Hudson Lockett in Hong Kong Do you have more information on the situation at OKEx?...
...The overlord of one of the weirdest experiments in trade policy just got in a helicopter and flew off to the strains of “Y.M.C.A.”....
...F&C, which was incorporated into BMO GAM in 2014, is famous for launching the world’s first collective investment vehicle in 1868....
...its bureaucratic palaces dotted along Whitehall — the central London thoroughfare from where an empire was once governed — the civil service has a strangely special hold on the British psyche: a small-c...
...The economic calendar for Friday is easy as A-B-C (all times Hong Kong): 08.30: Singapore non-oil exports 12.00: Malaysia Q3 gross domestic product 16.30: Hong Kong Q3 GDP...
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