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Global Markets
Here are the markets moving on reports that Trump will drop Nafta
MEXICO (April 27): Mexico’s peso, the Canadian dollar and shares of companies that rely on cross-border trade plunged on speculation the Trump administration was close to scrapping Nafta. The moves slowed a surge in riskier assets sparked by President
April 27, 2017
Rickmers Maritime defaults on interest payment for $100 mil note due Nov 15; suspends trading
SINGAPORE (Nov 15): Rickmers Maritime's trustee-manager announced that it will default on the interest payment of its $100 million note due Nov 15 and will suspend trading of its shares immediately.
November 15, 2016
Swissco defaults on interest payment; suspends trading
SINGAPORE (Oct 12): Troubled oil and gas services company Swissco announced it will default on its interest payment to noteholders on Oct 16 and will suspend trading with immediate effect.
October 12, 2016
Singapore banks can withstand losses from Asia’s O&G defaults: Fitch
SINGAPORE (Oct 11): Singapore banks are well positioned to withstand losses from Asia’s oil and gas defaults, says Fitch Ratings.
October 11, 2016
Broker's Calls
Swiber’s blowout unlikely to capsize banks
SINGAPORE (Sept 8): Oil and gas player Swiber’s spectacular financial meltdown appears unlikely to significantly affect local banks, with UOB Kay Hian maintaining its “overweight” on the sector.
September 08, 2016
China shipbuilder Evergreen defaults on bond amid cash shortage
SHANGHAI (May 17): A Chinese shipbuilder defaulted on bonds, becoming at least the 10th company to miss local debt payments in the world’s third-biggest note market this year.
May 17, 2016