Capital flows to emerging markets not including China suffered a "sudden stop" this quarter according to the Institute of International Finance, setting up some EMs poorly for an expected monetary tightening cycle in developed economies.
U.S. liquefied natural gas (LNG) company Venture Global LNG said on Thursday that it will invest more than $10 billion to develop a fourth LNG export facility in Louisiana.
Embattled gambling group Suncity Group Holdings has closed all of its VIP gaming rooms in Macau, the world's largest gambling hub, after the company's CEO was arrested, two sources with direct knowledge of the situation told Reuters.
U.S. Treasury Secretary Janet Yellen on Tuesday reaffirmed the importance of U.S.-Japan cooperation on a range of common priorities in the Indo-Pacific and globally in her first telephone talks with Japanese Finance Minister Shunichi Suzuki.
Some people thrive on defaults and restructurings, but they’re rarely company bosses. Kaisa founder and chairman Kwok Ying-shing may be an exception. The Chinese developer, which put its creditors through the wringer six years ago, is asking holders of $400 million in bonds due to be repaid next month to effectively wait another 18 months to help it avoid another restructuring. But they are being offered little reward and will take added risk. It’s hard to see how this deal will avoid the rougher option.