IBNLive.com

Chinese buyers default on coal shipments -traders
Reuters
At least six defaults of coal cargoes - traders * US cargoes bear brunt of defaults * South African, Colombian supplies also hit * Chinese buyers also reneging on iron ore contracts By Fayen Wong and Randy Fabi SHANGHAI/SINGAPORE, May 21 (Reuters) ...
Chinese Buyers Defaulting on Raw Material CargosCNBC.com
Chinese deferring iron ore purchases as economic uncertainty growsThe Australian

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European Default Protection Costs Rise After G8 - Markit
Wall Street Journal
LONDON (Dow Jones)--The cost of insuring European sovereign and corporate debt against default was higher in early trading Monday, after the weekend summit of leaders from major economies failed to produce a conclusive shift in policy toward the euro ...
Sovereign Bond Risk Rises in Europe, Credit-Default Swaps ShowBloomberg

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Default looms for Scranton Parking Authority as city council refuses to pay ...
Scranton Times-Tribune
By Jim Lockwood (Staff Writer) Default is looming for the Scranton Parking Authority as city council refuses to release $1.4 million the authority needs by June 1 to pay debt, officials said. SPA notified the council last fall it would have a budget ...



For-profits lead SA in student loan defaults
San Antonio Express
In San Antonio, the eight institutions with the highest default rates are for-profit colleges, most of them vocation-oriented. One of them had only two students on loans, but at some of the others, more than 20 percent of students and graduates who ...

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Insight: China pays high price to spare state firm from bankruptcy
Reuters
The bailout averted what would have been China's first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on "too-big-to-fail" treatment. But for the long term, ...

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Telegraph.co.uk

Default Swaps in US at Year's High on Spain Bank Cuts
BusinessWeek
The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses on corporate debt or to speculate on creditworthiness, rose 4 basis points to a mid-price of 122.9 basis points at 4:47 pm ...
Bets Against Spain Pile Up as Spectre of Default LoomsLoanSafe
Spanish Bank Debt Insurance Costs Rise To Records - MarkitWall Street Journal
German Bond Yields Fall to Record After Spanish Bank DowngradesBloomberg
Los Angeles Times
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Telegraph.co.uk

JPMorgan losses highlight need for credit default swap regulation
Telegraph.co.uk
The multi-billion dollar losses that JPMorgan Chase has racked up underline the urgent need to better regulate credit default swaps, Sheila Bair, one of America's most powerful financial regulators over the last five years, has warned.
For Some, Disaster Is Spelled CDSBarron's

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Default fears grow as one-in-10 mortgage payments in arrears
Irish Independent
By Peter Flanagan THE prospect of a wave of mortgage defaults has increased with the news that one-in-10 home loans is in arrears. Data from the Central Bank due this week is expected to show as much as 10.5pc of private residential mortgages -- about ...



Bloomberg

Singapore Warns of Europe Default Risk as Economy Expands 10%
Bloomberg
Singapore's government said the risk of a “disorderly” debt default in Europe can't be ruled out, clouding the outlook for its economy even as growth rebounded last quarter. Gross domestic product rose an annualized 10 percent in the three months ...
Singapore Warns of Europe Default Risk as Economy Grows 10%BusinessWeek

all 147 news articles »


UAE ruler cancels debts of defaulting borrowers
Boston.com
State news agency WAM reported Sunday that the president of the Gulf federation is ordering the settlement of personal debts of up to 5 million dirhams ($1.4 million) for citizens in default. The order by Sheik Khalifa bin Zayed Al Nahyan covers ...

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