● 'Motel Industry Turmoil Blocks Indian-American Path to Prosperity', May 15, Bloomberg Businessweek
: Even though Asian-American counts only 7% of total popluation, it owns almost half of country's hotel and motel properties.
These folks, Asian-Americans, support their family by running model or hotel. By the burst on COVID-19, hotel industry is in a deep downturn, which means the economic status of Asian-Americans is in danger.
● 'China's Hot Convertibles Market on Alert for the First Default
: The Shenzhen Stock Exchange suspended trading in Jiangsu Huifeng Bio Agriculture Co.'s bond in late April after the company reported its second consecutive year of losses. Jiangsu Huifeng warned in April 29 exchange filing that it may not be able to pay investors should a large portion of the notes, set to mature in 2022, fail to convert into equity when they come due.
There are also put option which can be executed if stock trades below a certain level for 30 consecutive trading days, now counting 15 days.
This case shows the growing risk in China's convertible bond market, where smaller companies are making the most of high demand to raise funds. Demand on these CB drove its price high, amounting to more than three times its face value.
TKD Scienc & Technology Co. sank as much as 12% after the firm disclosed the terms of it buyback, which will be a massive discount to recent trading levels. Also there are a few companies which have reached their stated thresold of redemption.
Chinese government refrained investors from investing on CB worrying that this market might be overheating, however now releasing the regulations to make market more open. Official warns that investors should acknowledge the risk these kinds of CB is containing.
● Fresh Crisis Looms for India Shadow Banks After Fund Shuts
● Chinese Malls, Dependent on Resturants, Face a Bleak Future
: The introduction of malls in China was followed by the rise of private automobiles and population shfited to suburbs. As China's economy was growing fast, the emerging middle class spurred the development of the mall.
During this COVD-19 crisis, these malls are seeking ways to deal with this crisis. For example, retailers which accounts for a thrid of these mall is trying to deliver food to nearby houses.
● The Fed Should Stop Being Such A Drag
: Fed should do something more to tackle the unemployement problem
● Powell Slams Door on Trump's Negative Rates 'Gift'
: Powell warns investors that he and his colleagues are not considering taking 'negtaive interest rate' tool kit, as its effect is not as big as the ones that are in use right now.
He also urges that fiscial policy should be taken more, since the effect of monetary policy is limited.
● Carlyle, Singapore's GIC Sued Over Collapsed AmEx Stock Buy
: Carlyle Group Inc, and Singapore sovereign-wealth fund GIC Pte. are using fake excuses to renege on buying a 20% stake in American Express Global Business Travel, according to a lawsuit unsealed in the U.S.
● Hedge Funds, Go Home - Japan is Closing the Door
: Although there are companies out there who wants to get funded by foreign hedge funds, Japan government is blocking foreign funds from getting much stake of the companeis included core sector group.
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