SHANGHAI, April 21- A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guarantee of low-quality bonds. Baoding Tianwei Group said in a statement that it was unable to make the payment on time.» Read More
Cramer thinks so, especially following a string of deals in the utility industry.
The oil minister has ordered Reliance Industries to stop gas supplies from India's biggest gas field, the Krishna Godavari (KG) D6 block, to non-core users. The reason being a sharp decline in the production from the block.
The Lightning Round is extended in this CNBC.com exclusive feature.