loading… President Vladimir Putin. Russia defaulted on its foreign debt for the first time since 1998. Photo/REUTERS MOSCOW – Russia has failed to pay foreign debt for the first time since 1998. It came after the country missed a Sunday deadline to make $100 million in interest payments. Russia does have the money and is … Read more
Jakarta, CNBC Indonesia – Russia is in danger of defaulting on its debt following efforts to pay global bonds maturing in United States (US) dollars using rubles. The Kremlin is ready to take the necessary steps to avoid default. Related to this, Russia plans to take legal action if the West forces the country into … Read more
Jakarta, CNBC Indonesia – Customers of PT Asuransi Jiwa Kresna or Kresna Life are starting to get restless, because the policy payments are due to falter. The delay in payment began to occur in March 2022. “What makes customers nervous now is that Kresna’s installment payments for March are starting to falter. In previous months, … Read more
Jakarta, CNBC Indonesia – The Russian government has threatened to pay international bondholders denominated in rubles instead of US dollars, days before maturity. Anton Siluanov, Russia’s finance minister, said on Sunday that it would be “absolutely fair” for Russia to make all payments on its sovereign debt in rubles until western sanctions that he claims … Read more
Jakarta, CNBC Indonesia – A number of property companies in China are currently struggling to pay off obligations owed to creditors, with Evergrande and Kaisa reportedly needing to raise hundreds of millions of dollars. In the midst of the ongoing property crisis, Beijing is trying to reassure the market as a whole, but also indirectly … Read more
Jakarta, CNBC Indonesia – The second property giant in China, namely China Evergrande Group, which previously had problems from default (default) of its corporate bonds, reportedly managed to make interest payments for at least two of its corporate bonds last Wednesday (10/11/2021). This was conveyed by an Evergrande corporate bondholder, who signaled that the company … Read more
Jakarta, CNBC Indonesia – China Evergrande, a troubled property giant with mounting debt piles, reportedly managed to make interest payments on at least two of its bonds last Wednesday (10/11). This was conveyed by a corporate bond holder, who signaled that the company had again succeeded in avoiding default. A spokesman for Clearstream, a post-trade … Read more
Jakarta, CNBC Indonesia – Instead of trying to penetrate the all-time high of 6,693, the Composite Stock Price Index (JCI) actually dropped, leaving the psychological level of 6,600 at the close of the first trading session on Thursday (28/10/2021). Investors seem to be still worried about Covid-19 cases in the country and in a number … Read more
Jakarta, CNBC Indonesia – The fall of one by one Chinese property developers in the abyss of default (default) on debt obligations (bonds) increasingly scare investors. Starting from Evergrande China, which has missed several bond coupon payments, then Fantasia Holdings which has experienced failed to pay at the beginning of the month. Recently, Modern Land … Read more
Jakarta, CNBC Indonesia – Previously, several large, medium and small-scale Chinese property developers were unable to pay off debt bond coupons to investors. Now the list of property companies in China that have failed to pay has increased by one more. Previously Evergrande Group, Fantasia Holdings and Sinic Holdings were rumored to have missed coupon … Read more