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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 

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.

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.

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.

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.
Evergreen

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.
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