Relevant:
- UK Banks May Lose Nearly $400bn on Loans, Securities, Says Moody’s
- Get ready for a bruising day on Wall Street
- City nurses heavy losses after just 8% of investors support HBOS cash call
- EU Widens LIBOR Investigation and Threatens Heavy Fines
- US homebuilder executive compensation structure may promote volatility - Moody's
2012-09-14 — zerohedge.com
``Sany Heavy Industry Co Ltd, a major heavy machinery maker controlled by one of China's richest men, is asking its lenders to waive a financial covenant on $510 million of loans, Basis Point reported, highlighting the growing risks facing the industry in an economic downturn.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.