BEIJING-- Chinese investors evaded government controls to move more than $600 billion out of the country last year and the outflow is increasing, fueling economic and political risks as communist leaders prepare for a handover of power, a Washington- based monitoring group says.
BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
KINGSTON, Jamaica-- Wildlife activists urged the Cayman Islands on Thursday to permanently halt the farming of green sea turtles at a popular government-owned tourist attraction that has released thousands of juveniles into the sea and harvests some for meat.
By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.
HONG KONG/ SINGAPORE, October 09 Fitch Ratings has downgraded and simultaneously withdrawn the rating on the notes of Corsair No.4 Limited Series 6 due to tranche default. The transaction is a synthetic corporate CDO referencing corporate obligations mainly in the U.S. and Europe.
Oct 5- Mexico has increased the size of a catastrophe bond issued by MultiCat Mexico Ltd to protect the country in the event of earthquakes and hurricanes during marketing, while reducing pricing from the original guidance due to strong investor demand.
BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.
Oct 2- Fitch Ratings has assigned Qatar Islamic Bank's. USD1.5bn trust certificate issuance programme a final rating of' A'. The issuing entity under the programme is QIB Sukuk Ltd.
As hedge funds become a dominant force in the investing universe, directorship services have grown into a big business on the Cayman Islands. And because of a quirk in the island’s tax code, these funds must appoint a board, the New York Times reports.
When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise. What’s news is where most of that money went. The NYT reports.