Latest News for: Currency default

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Source: China Evergrande Readies Funds for Interest Payment, Set to Avert Default

Voa News 22 Oct 2021
... the developer plunge into formal default ... In the latest such move, Fitch Ratings on Thursday cut Sinic Holdings (Group) Co Ltd's long-term foreign currency issuer default rating to "restricted default" from "C" as the developer failed to repay its $250 million notes due Oct.
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China Evergrande lines up funds for interest payment to avert default — source

Arab News 22 Oct 2021
News of the remittance comes a day after financial information provider REDD said Evergrande had secured more time to pay a defaulted bond it guaranteed, issued by Jumbo Fortune Enterprises ... Ltd’s long-term foreign currency issuer default rating to “restricted default” from “C” as the developer failed to repay its $250 million notes due Oct.
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China Evergrande readies funds for interest payment, set to avert default -source

Metro USA 22 Oct 2021
... formal default ... In the latest such move, Fitch Ratings on Thursday cut Sinic Holdings (Group) Co Ltd’s long-term foreign currency issuer default rating to “restricted default” from “C” as the developer failed to repay its $250 million notes due Oct.
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China Evergrande lines up funds to pay interest, avert default: Source

The Times of India 22 Oct 2021
... into formal default ... In the latest such move, Fitch Ratings on Thursday cut Sinic Holdings (Group) Co Ltd's long-term foreign currency issuer default rating to "restricted default" from "C" as the developer failed to repay its $250 million notes due Oct.
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China Evergrande lines up funds for interest payment to avert default -source

Metro USA 22 Oct 2021
... formal default ... In the latest such move, Fitch Ratings on Thursday cut Sinic Holdings (Group) Co Ltd’s long-term foreign currency issuer default rating to “restricted default” from “C” as the developer failed to repay its $250 million notes due Oct.
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JSE faces firmer Asian markets on Friday, as Evergrande reportedly makes bond payments

Business Day 22 Oct 2021
The JSE could be in store for a recovery on Friday morning, opening to marginally firmer Asian markets, amid reports that Chinese property developer Evergrande has avoided default by remitting the funds needed ahead of a looming deadline bond payments ... and would be in default.
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China Evergrande lines up funds to pay interest, avert default - source

Reuters 22 Oct 2021
In the latest such move, Fitch Ratings on Thursday cut Sinic Holdings (Group) Co Ltd's (2103.HK) long-term foreign currency issuer default rating to "restricted default" from "C" as the developer failed to repay its $250 million notes due Oct.
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Credit Suisse Fined $475M for Fraudulent Fishery Development Loan

The Maritime Executive 22 Oct 2021
In 2013-2014, three newly established Mozambican companies took out a $2.2 billion loan ... According to auditors, $500 million of the money reportedly went missing. The secret loans saga would quickly precipitate into a fiscal crisis, and in 2017, Mozambique defaulted on $727 million of bonds, causing its currency to plunge ... Polite Jr ... ....
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Cheap Alternative to WHMCS - Domain and Hosting Order Software - only $9.99 /one time

Web Hosting Talk 21 Oct 2021
It supports over 700 domain extensions, 27+ online payment gateways, multi-currency with auto exchanger ... ○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately) ... It can be convert default currency to payment gateway's currency automatically.
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Lebanon faces multiple challenges in unlocking IMF aid

The Siasat Daily 21 Oct 2021
Lebanon is facing the worst financial crisis in its history with the public debt hovering around $98 billion and its currency has lost more than 90 per cent of its value. Earlier this year, Lebanon defaulted on a $1.2 billion Eurobond, the first sovereign default in the country’s history.
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Lebanon faces multiple challenges in unlocking IMF's aid: experts

Sina 20 Oct 2021
BEIRUT, Oct ... dollars and its currency has lost more than 90 percent of its value. Earlier this year, Lebanon defaulted on a 1.2-billion-dollar Eurobond, the first sovereign default in the country's history. Moreover, banks have imposed strict capital controls as they lack the hard currency to repay depositors ... Enditem. .
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Credit Suisse to pay $475M to settle charges in Mozambique 'hidden debt' scandal

Manila Standard Today 20 Oct 2021
When details finally surfaced in 2016, donors such as the International Monetary Fund cut off financial aid, and the southern African country was plunged into a financial crisis, as it defaulted on debt payments and the currency collapsed ... indebtedness and the risk of default.
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Fitch affirms Egypt's rating at 'B+' with stable outlook

Egypt Today 20 Oct 2021
Fitch Ratings affirmed Wednesday Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+'; with a Stable Outlook ... However, more than half of government external debt is owed to multilateral institutions, with which Egypt has good relations, and the large domestic banking sector is a captive investor in local-currency debt ... .
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Lebanon’s October 2019 protests weren’t just about the ‘WhatsApp tax’

Amnesty 20 Oct 2021
private banks stopped allowing customers access to their dollar-denominated savings and current accounts; the Lebanese currency lost its engineered stability for ... In March 2020, the government defaulted on Lebanon’s foreign currency (Eurobond) debt for the first time in history.
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Credit Suisse to pay $475 mln to resolve Mozambican scandal charges

Gulf Daily News 20 Oct 2021
and UK agencies said on Tuesday. The settlement with the U.S ... The U.S ... Much of the proceeds were diverted via kickbacks to Credit Suisse bankers and Mozambique officials ... U.S ... SNOOPING SCANDAL ... The corruption scandal prompted donors including the International Monetary Fund cut off support to Mozambique, triggering a currency collapse and debt default ... .
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