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Economy

“Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million”

“Shares of electric truck maker Nikola traded higher Tuesday after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to pay the company about $165 million in damages. Shares closed up about 9%, trading at a little… Continue Reading…

Real Estate

“Country Garden [Chinese Real Estate] says it may not be able to repay debt, warns of uncertainty around liquidity position”

“Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all of its offshore repayments, including those issued in U.S. dollar notes. The company failed to make a debt repayment of 470 million Hong Kong… Continue Reading…

Banking, Economy

“ECB’s €500 Billion Payoff Puts Italian Banks in the Firing Line”

“The European Central Bank is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go… As €476.8 billion of TLTRO loans come due… Continue Reading…

Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…