China is facing its first quarterly contraction in decades and the weakest year since 1976. Now a second COVID-19 virus shockwave appears to be hitting Chinese factories. Source: Bloomberg Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to…
Economists and investment strategists are pretty much in line with respect to intensifying Coronavirus risks over the short term, with however less uniformity of view in terms of the medium term ramifications for the global economy. Source: Bloomberg via GARP (Bloomberg) — A raft of new coronavirus cases in numerous countries outside China over the…
International Institute of Finance (IIF) estimates global debt to reach record $255 trillion by the end of 2019 and central bankers believe it is sustainable Source: CNBC Global debt hit a record high of over $250 trillion in the first half of this year, led by a surge in borrowings in the U.S. and China,…
Chinese bank drew record $1 Trillion worth of orders as it issued $7 Billion convertible bond Source: Financial Times A Chinese bank has placed a record convertible bond, raising more than $7bn in an offering that drew more than $1tn worth of orders, the latest bumper deal in a year that has seen issuance of…
Due to 60% increase in defaults in China, spreads go wider as bond investors demand larger premiums to hold riskier debt Source: The Telegram SHANGHAI – July 15 proved a rough day for Chinese bondholders, bringing defaults by five issuers including Jinggong Group, an industrial conglomerate whose interests span steel, finance and rice wine. But…
Investors are betting for two rate cuts by the Fed on rising US economic growth concerns. Source: Financial Times Investors have increased bets that the Federal Reserve will cut US interest rates not once but twice this year, to counter concerns about slowing global economic growth that have been inflamed by the worsening US-China trade…
China’s Debt Market to be beneficiary of trade deal with U.S. Source: Bloomberg One of the less obvious beneficiaries of a resolution from the U.S.-China trade war is shaping up to be the $13 trillion Chinese bond market. China has already been welcoming record inflows into its local-currency debt after making it easier for foreign…
Demand for Chinese convertible bonds rises as fixed income investors look to boost returns Source: Bloomberg Shut out of a world-beating rally in equities, China’s fixed income investors are chasing the next closest thing. The battle for equity-like returns is driving up interest in the country’s nascent convertible bond market. Showing just how coveted the…
Slowing economic data may force central banks to rethink policy tightening in 2019. Source: Bloomberg Manufacturing gauges across the world’s largest economies stumbled at the end of last year, starting 2019 with fresh challenges for global growth and central banks. The global manufacturing index from JPMorgan Chase & Co. and IHS Markit fell in December…
Green bond issuance hit a record high this year, with China and France taking the biggest shares. Source: Financial Times Green bond issuance hit a record high in the third quarter of this year, demonstrating booming investor demand for ethically labelled fixed income instruments. According to new figures from credit-rating agency Moody’s, nearly $95bn of…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
