By Leika Kihara TOKYO, Sep 20 : Some Asian economies running large external surpluses, including Thailand and South Korea, might be forced to tighten monetary policy soon as high household debt pose a bigger financial risk than the U.S. Federal Reserve’s steady pace of rate hikes. Up until now, these two economies have been considered […]
Category: Debt
Saudi Arabia to auction detained tycoon’s real estate assets -sources
By Marwa Rashad and Stephen Kalin RIYADH, Sept 16 : Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s […]
How Argentina plans to pay its debt
By Scott Squires BUENOS AIRES, Sept 6 : Argentina has slashed its 2019 fiscal deficit target after a slide in the peso currency and a looming recession sparked a crisis of confidence in the government’s ability to pay its international debts next year. A rising dollar and higher U.S. interest rates have added to the […]
Turkish firms and government face $3.8 bln bond crunch in Oct -SocGen
By Karin Strohecker LONDON, Aug 17 : Turkey and its firms face repayments of nearly $3.8 billion on foreign currency bonds in October as the country struggles with a plunging lira that has lost more than a third of its value since the start of the year. Emerging market (EM) investors have been worried about […]
Tonga PM fears asset seizures as Pacific debts to China mount
By Charlotte Greenfield and Jonathan Barrett WELLINGTON/SYDNEY, Aug 16 : Pacific island nations are holding talks which could lead to a coordinated request that China forgive mounting debts in the region amid concerns Beijing may start seizing strategic assets, Tonga’s Prime Minister ‘Akilisi P?hiva said on Thursday. Tonga, one of eight island nations in the […]
China local govt firm fails to repay $629 mln loans in rare default – sources
By Pei Li and Kevin Yao BEIJING, May 18 : A firm controlled by a city government in China’s Inner Mongolia region has failed to make interest and principal payments on nearly 4 billion yuan ($629 million) in off-balance sheet loans, two sources with direct knowledge of the matter said. The rare loan default highlights […]