The "Hemostasis/Coagulation Analyzer Market by Product (Clinical Laboratory, consumables, reagents, PoCT, Manual, Automated), Test (PT,Fibrinogen, APTT, ACT, D Dimer), Technology (Optical, Mechanical) End User (Clinical Labs, Hospitals) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Dow futures jumped as China markets soar and Covid-19 deaths remain low, with the coronavirus stock market rally at highs. What's next for Tesla?
RESULT OF SEK CREDIT OPERATION 3 MONTH MATURITY 2020-07-06 Auction date:2020-07-06Payment date:2020-07-06 (at 3 pm)Maturity date:2020-10-06Term:92 daysOffered.
The "World - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
Dublin, July 06, 2020 -- The "VR in Healthcare Market by Product, Technology and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been.
New York, July 06, 2020 -- Reportlinker.com announces the release of the report "Blind Spot Monitor System Market Research Report by Technology, by Vehicle Type, by End-User -.
The "World - Mixes and Doughs - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
Dublin, July 06, 2020 -- The "Mobile Wallet Market by Type, Technology, End User and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027".
Joint organisers BolognaFiere Group and Informa Markets have decided upon strategies to create more inclusivity for Cosmopack and Cosmoprof Asia 2020 including a specialty one-time consolidation of both collocated events held under one roof at the Hong Kong Convention & Exhibition Centre (HKCEC) from 11-13 November. In addition, the team plans to launch a Digital Week of activities held right after the physical event as to offer more companies and professionals the ability to participate virtually.
Moody's Investors Service has assigned a B1 rating to the proposed senior unsecured USD notes to be issued by Sunac China Holdings Limited (Ba3 stable). "The proposed notes will lengthen Sunac's debt maturity profile and will not have a material impact on its credit metrics, because the proceeds will mainly be used to refinance its existing debt," says Danny Chan, a Moody's Assistant Vice President and Analyst, and also Moody's Lead Analyst for Sunac. Moody's expects Sunac's credit metrics will remain moderate for its Ba3 corporate family rating (CFR) in the next 12-18 months.
Dublin, July 06, 2020 -- The "Digital Textile Printing Inks Market by Ink Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2027" report has.
The "World - Roundwood - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
Terrence Malick-produced English-language costume drama “The Book of Vision,” directed by Italy’s Carlo Hintermann, will open the Venice Film Festival’s independently-run Critics’ Week section on Sept. 2. (Watch an exclusive clip from the film above.) Venice, barring complications, is set to be the first major international film event to hold a physical edition after the […]
The "Global Osteoporosis Drugs Market By Route of Administration, By Drug Class, By Region, Industry Analysis and Forecast, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
TAINAN, Taiwan, July 06, 2020 -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other.
Chinese regulators are urging struggling corporate bond issuers to seek voluntary debt restructuring in talks with their bondholders as a way to avoid default, as regulators last week issued new rules that seek to enforce investors' protection amid rising defaults.In building a more uniform, transparent approach for corporate bond issuers to handle a default, the People's Bank of China has called for more debt restructuring, a practice that has long existed in other markets but is still relatively new in China.The notice, jointly issued with the China Securities and Regulatory Commission and the National Development and Reform Commission, also includes the role that bond trustees should play in pursuing claims on behalf of bondholders. The statement followed its initial consultation launched last December."The encouragement of debt restructuring using market mechanisms may give companies more time to avoid outright defaults," said Jenny Huang, Fitch Ratings' director in China corporate research based in Shanghai.The notice has come amid expectations that onshore corporate bond defaults will rise in the second half, as the total principal amount of onshore bonds issued by private enterprises coming due will swell to 361.2 billion yuan (US$51.1 billion), more than doubling from 164.1 billion yuan in the first half, according to Fitch Ratings.As the repayment ability of private companies weakened significantly during the first quarter in light of the coronavirus epidemic crippling the country's economy, Fitch expects China's corporate default rate will rise from about 0.3 per cent during the first five months this year.China's corporate bond market already showed signs of repayment failures this year, with examples such as Hainan Airlines, flagship of debt-laden HNA Group, defaulting on a 750 million yuan 270-day note that fell due in April."Issuers and bondholders can, through voluntary negotiations, restructure their debt through bond swaps or maturity extensions," the regulators said, adding that these restructurings would be one avenue towards achieving more efficient default management by corporate bond issuers that is based on free market principles.Hainan Airlines was in talks with bond holders earlier this year. Photo: Reuters alt=Hainan Airlines was in talks with bond holders earlier this year. Photo: ReutersThe latest notice represents the regulators' attempt to reduce uncertainties that bondholders face in getting their money back from corporate issuers in the world's second largest bond market, at 70.23 trillion yuan (US$9.84 trillion).Despite several index providers have included Chinese onshore government bonds as part of their global indexes since 2019, today very few foreign investors would venture beyond the highly rated government and policy bonds due to the uncertainty about the recovery after a bond default. China's first onshore bond default was only recorded in 2014. "With as much as 28 per cent of the defaulted issuers which neither enter a bankruptcy process or pay back bondholders since China's maiden onshore bond default, there is a significant amount of defaulted payment that did not get recouped under the existing legal framework," said Huang.A debt restructuring through bond swap and maturity extension could shorten the time needed for issuers managing their bond default, analysts said, as the local courts often face pressure from local governments which are often keen to avoid a struggling company falling into bankruptcy, on the grounds of preserving employment and social stability. Such intervention increases the uncertainties on whether investors could ever recoup their money.But the flip side is that there is no guarantee that a debt restructuring would make bondholders whole even as the company succeeds in buying more time. Also, as issuers could avoid outright defaults, these restructurings tend to distort the real extent of China corporate default rates, said Huang. Credit rating agencies tend to label such debt restructurings as technical defaults.One example is water and sewage treatment company, Beijing Sound Environmental Engineering, which became the first ever issue in March to complete an onshore bond swap. As it failed to pay back investors on a 500 million yuan note on time, which paid a 6.5 per cent coupon, it offered investors an option to swap their investment into a new bond paying 7 per cent. Chinese media, Caixin Global, reported in June that it still failed to repay investors' their principle from the new note that came due that month.Still, a bond swap could improve secondary market liquidity for distressed bonds, Fitch said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
California officials canceled fireworks and closed beaches in some counties this Fourth of July weekend, as the state faced an explosion of new coronavirus cases. California’s early success battling the virus has turned into a crisis. Photo: Getty Images
Coronavirus is impacting every aspect of our lives, not least how we go shopping. With social distancing rules and the closure of brick-and-mortar stores, a huge surge in e-commerce was inevitable – and many companies that were previously just paying lip service are quickly finding just how crucial a strong online presence really is, not just a "nice to have."
Dublin, July 06, 2020 -- The "Global Telemedicine Market: Analysis by Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others), by Component, by Region, by.
On 16 July, at 08:00 CET, Swedish Orphan Biovitrum AB (publ) (Sobi™) will publish its report for the second quarter 2020. Investors, financial analysts and media are invited to participate in a telephone conference, which will include a presentation of the results, on the same day at 13:00 CEST. The event will be hosted by Sobi's CEO and President, Guido Oelkers, and the presentation will be held in English.
Stock futures get lift from surge in Chinese markets; Uber to buy Postmates for $2.65 billion in stock; Warren Buffett snaps up Dominion Energy's natural gas assets.
(Bloomberg) -- Turkey imposed a ban on six foreign banks from betting against the nation’s stocks in a move that appeared to contradict recent steps toward easing such restrictions. Shares in Istanbul gained, tracking an advance across emerging markets Monday.Goldman Sachs Group Inc., JPMorgan Chase & Co., Merrill Lynch International, Barclays Bank Plc, Credit Suisse Group AG, and Wood & Co. have been barred from short-selling stocks for up to three months, Borsa Istanbul said in a statement.The announcement comes less than a week after the Capital Markets Regulator removed a short-selling ban on the largest listed companies, easing a blanket restriction introduced in February to help shield the markets from bouts of volatility. MSCI Inc. warned last month that it may start consulting on a proposal to reclassify the MSCI Turkey Index to frontier-market or stand-alone status if the “already deteriorating accessibility level of the Turkish equity market were to worsen.”Investors say that would lead to sizable stock outflows and reputational damage. Authorities have already burnt bridges with foreign investors by drastically limiting their access to the currency and making it difficult for them to trade Turkish assets. Earlier this year, the banking regulator briefly barred local lenders from trading liras with Citigroup Inc., BNP Paribas SA and UBS Group AG.“When you are not winning the game and you control the rules, you change them,” said Hasnain Malik, the head of equity strategy at Tellimer in Dubai. “Turkey has been doing that in the currency and equity market over the last year. This will also add weight to fears that an MSCI downgrade is on the way, ultimately.”The heavy-handed approach has compounded an outflow of capital, with foreign investors reducing their share of the local-currency bond market to a record low of less than 5%. They have pulled $4.4 billion from Turkey’s equity market over the past 12 months, the biggest exodus since at least 2015.“Anything that makes a market more opaque is bad news for investors,” said Nigel Rendell, a senior analyst at Medley Global Advisors LLC in London. “The market becomes less attractive and it heightens the chances that the authorities will introduce other liquidity restrictions in the future.”The Borsa Istanbul 100 Index jumped as much as 2% on Monday, in line with MSCI’s gauge of emerging markets, advancing as investor optimism over economic stimulus outweighed concerns about rising coronavirus cases. A wave of buying by locals propelled a more than 10% surge in Turkish stocks in June, the biggest in the world.Here’s more of what Tellimer’s Malik had to say:“The quick effective re-imposition of the short-selling ban will add to top-down concerns on market-unfriendly policies, which are putting foreigners off Turkey’s excellent corporates.”More from Medley Global’s Render:Timing of the move is “somewhat surprising for several reasons:”Foreign participation in the Turkish equity market is low at the momentThe equity market is doing reasonably well, it is now broadly flat since the start of the year, so there’s next to no selling pressureIt comes in the face of the MSCI warning that Turkey could be relegated from emerging-market status -- the premier league -- to the frontier division“Investors are concerned by the continuing inflation problems in the wake of rapid cuts in interest rates over the past 12 months. Credibility over monetary policy is still sadly lacking, which adds to downside risks to the currency over the medium term.”“For many, there are more attractive markets than Turkey at present. By imposing these latest bans on short selling, it seems that the authorities bizarrely want to reinforce this view.”(Adds comments to seventh paragraph and bullets, adds chart and updates prices.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
European stocks rose on Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India.
Dublin, July 06, 2020 -- The "Global Handling and Lifting Equipment Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The.