Highlights- Tewoo Group’s debt recast proposal has been rejected by investors- Largest default by a state-owned company in China- Recently, Peking University also missed interest payments- Three regional banks have collapsed since May-------------------------------------------------Chinese commodities trader Tewoo Group has become the first Chinese state-owned company in two decades to default on its US dollar -denominated bonds. While the government is taking measures to alleviate the debt market stress through fundraising and interest rate cuts, delinquencies continue to rise as China is witnessing its worst economic slowdown in nearly three decades. Tewoo’s default signals that corporate stress has aggravated further and the Chinese government is finding it difficult to contain credit risk in a weakening economy.Close Company background related news Govt has no business to be in business: Anil Agarwal Honda Cars India partners TranzLease for auto finance … [Read more...] about Tewoo Group’s debt default indicates rising credit risks in China
Liberty global q1 results
Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020
The government initiatives to bring economy back on growth track lifted overall market sentiment which resulted into 13 percent market rally since September. In fact, benchmark indices hit a fresh high towards the end of November and currently after consolidation for more than a week again inched towards those earlier highs.It is all thanks to inflow of foreign money, especially after the government measures, including cut in corporate tax rate.Experts believe the government efforts to bring economy on track will be seen in coming years and currently the rally seen in few stocks that helped benchmark indices report double-digit return in just three months will trickle down to mid and smallcaps also in coming years.Close "We expect the upcoming year to be a good for equity investments, especially the midcaps, following the aggressive roadmap of reforms undertaken by the government treading fiscal prudence path," Axis Securities said. related news D-Street Buzz: FMCG stocks … [Read more...] about Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020
Yes Bank, Tata Motors among 5 stocks that are on experts’ buy list
Indian market broke above its crucial resistance levels, thanks to positive global cues which helped S&P BSE Sensex reclaim 41,000, and put the Nifty50 back above 12,000-12,050 levels.The Nifty50 rallied 1.38 percent while the S&P BSE Sensex recorded a rally of 1.39 percent for the week ended December 13. S&P BSE Midcap index rose 1.1 percent, while the S&P BSE Smallcap index ended the week marginally lower down 0.05 percent.Positive global cues helped benchmark indices reclaim crucial resistance levels. The S&P BSE Sensex is just 0.38 percent away from its record high, while the Nifty50 is about 0.6 percent away from hitting an all-time high.Close Prospects of a trade deal between the United States and China and hopes of a swift Brexit after thumping election win by Britain’s Conservative Party spurred risk appetite, said a Reuters report. related news 'If Nifty manages to stay above 11,695 in 2020, … [Read more...] about Yes Bank, Tata Motors among 5 stocks that are on experts’ buy list
