Global corporate defaults hit 150 for 2016, most since financial crisis

The number of firms worldwide that have defaulted this year has reached 150, up more than 40 percent year-on-year, making 2016 the worst year for corporate stress since the height of the global financial crisis, ratings firm Standard and Poor’s said.

K Line chairman hits out over charter defaults

Kawasaki Kisen Kaisha (K Line) chairman Jiro Asakura has hit out at overseas companies that default dry bulk...

China Trust Defaults Seen as Coal Maturities Quadruple

The number of trust products tied to China’s flagging coal miners maturing this year will...