Chinese corporate debt troubles. Two Chinese state-linked enterprises said Monday that they would not be able to meet upcoming onshore bond repayment obligations. Defaults at state-backed firms in China carry particularly high risks of contagion, as they signal to other distressed firms that a state rescue cannot be assumed. Indeed, at least 20 Chinese companies […]
The U.S. goes after Chinese finance. On Wednesday, U.S. President Donald Trump issued an executive order banning investment in more than 30 Chinese companies...
Empowering China’s coast guard. Beijing has drafted legislation authorizing the Chinese coast guard to fire on foreign vessels that intrude into Chinese-claimed waters. The...
Second wave crashes on Europe’s recovery. A second wave of coronavirus infections is pushing eurozone economies into a double-dip recession, according to preliminary surveys...
Western naval cooperation. The U.S. and British navies are preparing to sign an agreement to dramatically boost interoperability and technological integration, according to the...
Suga in Vietnam. New Japanese Prime Minister Yoshihide Suga isn’t wasting time taking advantage of Southeast Asian countries’ desire for deeper regional involvement from...
Kyrgyz president resigns. With protests over the results of Oct. 4 parliamentary elections showing no sign of stopping, Kyrgyz President Sooronbai Jeenbekov announced his...
Cambodia accelerates its shift to China. Cambodia has demolished several U.S.-funded facilities at the strategically located Ream Naval Base, Cambodian Defense Minister Gen. Tea...
Stop fighting. That was the message to Armenia and Azerbaijan on Thursday from the presidents of France, Russia and the United States. Specifically, the...
