Analysis: Interest Rates

Road King to suspend all offshore debt payments, explore restructuring

Road King Infrastructure said on Thursday it has decided to suspend payment of all of its offshore debt obligations and it would explore a restructuring for its offshore debt. Road...

Road King to become first Hong Kong developer to default on bond as pressure mounts

HONG KONG -Some bondholders of Hong Kong developer Road King Infrastructure have not received coupon payments after a 30-day grace period expired on Tuesday, adding to risks in the domestic property...

China pledges more financial support for consumption with loan interest subsidy

BEIJING/HONG KONG -China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending, Vice Finance...

Paytm's unit gets Indian central bank nod to operate as online payment aggregator

BENGALURU -Indian fintech firm Paytm's Payment Services unit has got 'in-principle' approval from the country's central bank to operate as an online payment aggregator, it said on Tuesday. ...

Singapore's CapitaLand to invest $2.2 billion in Mumbai, Pune commercial real estate

Singapore's CapitaLand Investment signed an agreement with the state government of Maharashtra, India to invest 192 billion rupees by 2030 to drive its growth in Mumbai and Pune, the real estate...

China Evergrande liquidators say $255 million of assets have been sold

HONG KONG -Liquidators of China Evergrande Group said on Tuesday they have sold about $255 million of its assets 18 months into China's largest debt liquidation process and taken control of more than...

Emerging countries' debt payments to private lenders dwarf those to China

Lower-income countries' external debt payments to private lenders remain three times higher than payments to China, research shows, shedding light on the complex, costly web of creditors they face as...

Kenya taps development banks for airport expansion after ditching Adani deal

NAIROBI -Kenya has invited international development lenders to finance a $2 billion expansion of its main airport in Nairobi nine months after it cancelled a deal with India's Adani Group after its...

India plans credit guarantees for small firms, exporters hit by US tariffs, sources say

NEW DELHI/MUMBAI -India is planning to provide credit guarantees for loans overdue up to 90 days to small businesses and exporters, amid higher tariffs imposed by the U.S., two government sources...

Rates: Towards a rate cut in September

In line with the recent move by the Bank of England , European countries are easing monetary policy in order to boost sluggish growth. Conversely, the US has been on hold since last December, but...

Rupee outlook hinges on US tariffs, RBI action; bonds to track inflation data

MUMBAI -The Indian rupee's trajectory will depend on developments around U.S. tariffs and the Reserve Bank of India's response if the currency comes under renewed pressure, while government bonds...

China ends tax exemption on bond interest income effective Aug 8

SHANGHAI -China has reinstated value-added tax on interest income from new bonds issued by government and financial institutions starting Friday, ending a long-standing tax break to ease growing...

Trump announces $100 billion new investment pledge from Apple

WASHINGTON -President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones. ...

India central bank panel suggests keeping weighted average call rate as policy target

MUMBAI -An internal working group of the Reserve Bank of India has suggested keeping the overnight weighted average call money rate as the operative target of monetary policy, and has recommended a...

Fed coos, Palantir soars

What matters in U.S. and global markets today For all the fog surrounding Friday's payrolls data and the accuracy of the statistics, some Federal Reserve officials -...

India services growth hits 11-month high in July on stronger exports, PMI shows

BENGALURU -Growth in India's services sector accelerated to an 11-month high in July, driven by strong international demand and sustained domestic sales, a survey showed on Tuesday. The...

India's JSW Steel, Japan's JFE to invest $669 million to boost electrical steel output

A joint venture between India's JSW Steel and Japan's JFE Steel will invest 58.45 billion rupees to expand production capacity of cold rolled grain-oriented electrical steel across two Indian plants...

India's Godrej Properties plans its largest-ever bond issue, sources say

Godrej Properties, the real estate unit of India's Godrej Industries, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said. ...

Tariff day hits as Amazon stumbles

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A tariff day blitz, pharma hit and Amazon stumble all left a cloud over...