From China's stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, "eat like a bird and poop like a cow," 2024 was full of surprises. No one expects 2025 to be less exciting. Here are five unlikely-but-not-improbable events that you might want to consider.
Hong Kong property tycoon's debt workout: Its billionaire families are losing their prestige as a property downturn persists. The question is whether its tycoons will support their listed subsidiaries. Will they use some of the billions earned in the past to make investors whole? The Cheng family's New World Development, which has about $4.5 billion of perpetual bonds outstanding, is in the spotlight. Investors are worried the indebted developer may not call its 6.15% notes next June, or worse, defer all coupon payments.
While it's well within New World's right not to exercise the call, a decision not to repay creditors will send shockwaves across Hong Kong's financial circles. Bankers will get nervous, rumors of a debt restructuring at New World will linger on trading floors, and smaller developers will feel the spillover.
Denne historien er fra December 25, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 25, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Inflation targeting: It should not constrain Indian manufacturing
Monetary policymakers should analyse the price dynamics of the entire basket of items that make up India's national income
We could expect East Asia to spring some surprises in 2025
China, Hong Kong and Vietnam will be under watch for a reason
Full of sound and fury: What the Bard may say of 2024
From central bank actions to Trump's ideas, there was plenty that inspires a Shakespearean look-back
Trump's tariffs will not eliminate the dollar's exorbitant privilege
Exporters to the US may want to shift trade into other currencies but the dollar won't be dethroned
AP split leaves state-backed bondholders high and dry
Investors await payments as Andhra and Telangana dispute AP power bonds post-bifurcation
We must approach tech transformations with due care
How we deal with technology is getting highly complex. It's the reason we must exercise fine judgement
INTERNATIONAL ETFs ARE TRADING AT A PREMIUM: WHAT SHOULD INVESTORS DO?
Most successful investors remain informed, agile, and approach investments strategically
A BONE THIEF IN UKRAINE'S BACKYARD
Ukrainian officials say the Russians continue their efforts to repatriate the remains of Soviet war dead
Simplifying estate planning: The value of expert guidance
Do I need the help of a professional estate planner? Should I opt for a will or trust? Which is effective?
Samsung plans to re-enter ACs market
Samsung is planning to launch over a dozen models of inverter ACs for its 2025 lineup.
