Cash-strapped Hungary borrows €1 billion from China

Hungary borrowed one billion euros ($1.1 billion) from Chinese banks earlier this year, its debt management agency said on Thursday (25 July), as the EU member state faces a difficult financial situation. The Hungarian government did not announce the deal, which was first reported by the local financial news site Portfolio based on publicly available …

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DailyMail: “Britain’s cash-strapped Navy ‘may be forced to sell off its £3.5 billion aircraft carrier the HMS Prince of Wales

View post on imgur.com The future of Britain’s second aircraft carrier is under threat due to funding issues, naval sources have claimed. Senior figures have spoken out after it emerged next week’s Budget will not include any significant rise in defence spending. They fear HMS Prince of Wales, which cost £3.5billion to build, could be …

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One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles.

via YAHOO: The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to sell some bonds including those from riskier LGFVs and private developers after a review, people familiar with the matter said, asking not to be identified discussing …

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