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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Trudeau To Keep Working As Opposition Seeks Ouster
China SOE Bond Default Triggers Panic: News
Chinese state-owned Yongcheng Electricity Coal Group has defaulted on CNY1 billion of triple-A bonds, causing panic and driving the prices of similar bonds issued by SOEs and local government financing vehicles around 10% lower on Thursday, according to the Shanghai Securities News. Issuers will continue to see high interest rates on bonds in Q4, the newspaper reported citing Wang Qing, the chief economist with Golden Credit Rating. Credit conditions are expected to tighten next year so highly leveraged corporations will have difficulties servicing bonds, the News reported citing a report by Industrial Securities.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.