are leading to a debt resurgence. The country’s total stock of corporate, household and government borrowing now exceeds 303% of GDP and makes up about 15% of global debt, according to the Institute of International Finance. That’s up from just under 297% in the first quarter of 2018. Meanwhile, China’s stash of U.S. Treasuries dipped in May to theTrump took repeated aim at Google.
is “seemingly treasonous.” Earlier, Trump tweeted that Thiel is “a great and brilliant guy who knows this subject better than anyone!” A spokesman for Google said the company doesn’t work with the Chinese military.A China investor who made 785% on Moutai is now
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BUSINESS MAVERICK: How to address Venezuela’s crushing debt burdenWhen he finally leaves the political stage in Venezuela, Nicolás Maduro will leave behind a grim legacy of oppression, suffering and economic devastation. He will also leave a mountain of foreign-currency-denominated claims against the Venezuelan public sector – almost all of which is now in default – totalling more than $150-billion.
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BUSINESS MAVERICK: Another one bites the dust as André Pillay resigns as Eskom group treasurerWith the departure of both Phakamani Hadebe and André Pillay, Eskom has lost key talent — both are specialists in the fixed income debt category. Pillay says he has been offered a job elsewhere.
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