Latest Updates Around The World
Asset manager Aberdeen Investments is “winding down” its holdings of Venezuelan government bonds, a portfolio manager told Reuters, following a stunning rally that has more than doubled the price of the country’s defaulted bonds in the past 12 months. “The tail risk seems quite high,” Kevin Daly, portfolio manager at Aberdeen Standard Investments, told Reuters. […]
Chinese Vanke bonds tumbled on Tuesday after the state-backed developer, a bellwether for the country’s real estate sector, requested a one-year moratorium on domestic bond repayments. China Vanke, once the country’s largest homebuilder by revenue, is trying to avoid bankruptcies after a protracted real estate crisis that has hit all its main rivals. One yuan […]
Founded in 1972, Jayaswal Neco Industries is a small cap company with a market capitalization of just over Rs 7,200 crore, and is one of India’s oldest integrated private sector steel companies, with operations spanning mining, ironmaking and rolled steel products. However, the company went through a tumultuous journey: from near bankruptcy to a strong […]
The continuous unquestion of distribution utilizers, which in turn becomes Manifested in suboptimal services to consumers, is mainly due to high cross-subsidy | Photocredit: Sushil Kumar Verma On September 16, a government statement said that the Minister of King of the Union Manohar Lal was chairman of the fifth meeting with the Group Ministers (GOM), […]
Mumbai: In A Move Reminiscent of Hindenburg Going Short On Adani Group, US-Based Financial Researcher Viceroy Research Said Wednesday It was “Shorting” The Debt Stack of Metal Tycoon Anil Agarwal-Controlled Parentes, Aspased. Believes the Entire Group Structure is ‘Financally Unsustainable’, OperationaleCoMed, ‘A House of Cards’, poses Severe risks for creditors, and ‘looks like a ponzi […]
