China has given $2.1 billion of debt relief to poor countries
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group's members in terms of the amount deferred, the country's Finance Minister Liu Kun said on Friday. Liu's comments come as African countries, hammered ...
In Africa’s debt fog, China loses too
As the African continent’s biggest lender, the bigger prize for China has always been political.
Why emerging markets are wary of a modern monetary fix
For countries that pass the threshold conditions, MMT says the only real constraint on government spending is inflation.
Many small and midsized firms in four industries, including lodging and restaurants, will have difficulty repaying debts if the coronavirus continues to wreak havoc on their businesses through 2021.
China developer Evergrande spooks investors with liquidity crunch warning
If the firm fails to win approval for a listing in Shenzen it will need to repay debt valued at around 92 percent of its cash, threatening the broader financial system.
China investors predict record defaults in risky end to 2020
Some fund managers are bracing for defaults on domestic Chinese debt to hit record highs this year.
Fears grow that China may use U.S. debt as weapon amid trade friction
Large-scale sales of U.S. dollar-denominated assets would also trigger depreciation of the dollar against the yen, hitting Japanese exports.
G20 finance chiefs warns of sharp contraction from pandemic
The Group of 20 also discussed extending its debt relief program for developing nations and new tax rules for online giants Google, Amazon, Apple and Facebook.
Japan's fiscal condition worsens further amid COVID-19 malaise
Japan's fiscal goal is to achieve a primary balance surplus in fiscal 2025. But a top Finance Ministry official says that "it's almost impossible."
Europe’s debt reckoning may mean tough choices on who to tax
As European governments rapidly ramp up borrowing to aid economies, the region’s experience of austerity is framing the debate on how to tackle debt.
Unpriceable risk of climate change stalks $31 trillion sovereign debt market
How much growth are societies willing to sacrifice to counter climate change and how will that affect the sovereign debt market?
Japan working on way to inject capital into pandemic-hit firms
They aim to expand special loans from the state-backed Development Bank of Japan to help such companies via subordinated loans.
