Explainer-China's embattled developer Kaisa Group and the chairman behind it

HONG KONG (Reuters) – After cash-strapped developer China Evergrande here Group once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group.FILE PHOTO: A picture shows the

Hong Kong property agencies suing Evergrande to recover commissions

HONG KONG (Reuters) – Two Hong Kong property agencies are suing heavily indebted China Evergrande Group over unpaid commissions, according to a court filing and media reports, piling pressure on the developer as it scrambles to raise funds and avert

Hidden debt on Chinas Belt and Road tops $554b, says new study

China’s Belt and Road Initiative has left scores of lower- and middle-income countries saddled with “hidden debts” totalling US$385 billion ($554.1b). New research suggests that many countries’ financial liabilities linked to President Xi Jinping’s hallmark foreign policy have been systematically

Global debt is soaring — and we need to talk about it

This month the thorny topic of debt is creeping back, belatedly, onto the political radar in Washington. Last week Janet Yellen, Treasury secretary, warned that the US government will run out of money in October unless Congress raises the debt

Denver-based debt collector Machol & Johannes to return $475K to Washington consumers

SEATTLE — A Denver-based collection agency must return about $475,000 it collected improperly from up to 5,000 Washington consumers after state Attorney General Bob Ferguson prevailed in a lawsuit alleging unlawful debt-collection practices. Ferguson’s office says Machol & Johannes must

U.S. investors shun equity funds on inflation worries – Lipper

(Reuters) – U.S equity funds faced outflows in the week to June 2, on concerns over rising inflation and the prospect of an earlier withdrawal of the Federal Reserve’s stimulus support.FILE PHOTO: A Specialist trader watches his chart while working

COVID response drives $24 trillion surge in global debt: IIF

LONDON (Reuters) – The COVID pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ratio at over 355%.FILE PHOTO:

Mnuchin to End Some Fed Emergency Programs, Limiting Biden

WASHINGTON — Treasury Secretary Steven Mnuchin said he does not plan to extend several key emergency lending programs beyond the end of the year, a decision that could hinder President-elect Joseph R. Biden Jr.’s ability to use the Federal Reserve’s