Tag: debts

28 SEP

American creditors say China should honour pre-Communist debts

Still outstanding LIKE many Americans, Jonna Bianco believes President Donald Trump to be “a tireless defender of the American people against Chinese economic aggression”. Ms Bianco, a Tennessee cattle-rancher, is president of the American Bondholders Foundation (ABF), which represents more than 20,000 owners of bonds issued by Chinese governments before the Communist revolution in 1949—and […]

23 FEB

Owner of English soccer club Sunderland is reportedly willing to give his team away for free if new owner takes all the team’s debts

The owner of an English soccer team might have to give his club away for free in exchange for a buyer willing to take on the club’s debts.  It is a stunning fall in monetary value for the club, but one that matches the team’s on-field for performance.  The owner of the English soccer club […]

18 JAN

Forget factories, most companies plan to use their overseas cash to pay down debts (AAPL)

In pushing for the tax law Congress passed last year, President Trump and other supporters argued it would encourage companies to take the cash they’d stashed overseas and use it to open factories and hire workers in the US. While some may end up doing that — Apple suggested Wednesday, for example, it would use […]

27 DEC

LeEco founder ordered to return to China to answer debts

The Chinese tech giant LeEco might have once been dubbed the “Netflix of China,” but that lofty acclaim has made its fall from grace all the more brutal. Now, the company’s founder, Jia Yueting, has been ordered to return to China by the country’s Securities Regulatory Commission by the end of the month in order […]

10 NOV

Venezuela seeks the restructuring of its massive foreign debts

Maduro has a cunning plan. Maybe INVESTORS have long seen a default on Venezuelan sovereign debt as a question of when, not if. Its bonds have been priced at levels implying imminent bankruptcy, but somehow the cash-strapped oil exporter has stayed afloat. Until now. On November 2nd Nicolás Maduro, the country’s authoritarian president, announced that he […]

04 JUL

LeEco’s assets frozen by Chinese court as debts mount

Chinese firm LeEco’s financial situation is deteriorating rapidly. A Shanghai court has frozen $ 180 million in assets owned by co-founder Jia Yueting, his wife Gan Wei and three subsidiaries, according to Chinese news site Tencent and the Financial Times. The order was carried out on behalf of the China Merchants Bank, reportedly because of […]