‘Magnificent Seven,’ meet the ‘Junk Bond Five’ spurring rally in distressed debt
“Magnificent Seven,” meet the “Junk Bond Five.” The stock market isn’t the only place where a handful of companies are ...
Read moreTag: defaults
Evergrande Officially Defaults, Kaisa follows with their own default…
The dominoes are falling in China and the wreckage is piling up. Who knows what happens next? https://www.wsj.com/amp/articles/chinese-developer-kaisa-defaults-fitch-says-as-industrys-debt-challenges-mount-11639046650 submitted by ...
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China’s Evergrande defaults on dollar debt | Property
Fitch Ratings cuts property giant’s long-term foreign currency issuer default rating to restricted default.By Rebecca Choong WilkinsBloombergPublished On 9 Dec ...
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Spotify now frustratingly defaults to autoplay for connected devices
Spotify quietly updated its autoplay feature with a seriously frustrating quirk. When you play music on your Spotify Connect devices, ...
Read moreLloyds profits plunge after £4.2bn put aside for Covid defaults | Lloyds Banking Group
Profits at Lloyds Banking Group have plunged 72% after the bank was forced to put aside more than £4bn to ...
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