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RECENT NEWS
Reuters  Apr 2  Comment 
China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.
Forbes  Apr 1  Comment 
With latest default spooking China investors, better PMI gets ignored.
USAToday.com  Apr 1  Comment 
What financial crisis? Default rate falls to lowest level since 2008.
TechCrunch  Mar 28  Comment 
Want to stalk people via email, so you’ll know the moment they read your message? Or maybe you want to know if they gave your message a good look, instead of only a glance? Mailtracker, a newly launched app for iPhone, allows you to do...
Reuters  Mar 28  Comment 
* Is trying to agree new deal with lenders before March 31     
Financial Times  Mar 28  Comment 
Verdict that Norway’s winding-down of lender did not trigger a default clause in its samurai bonds a relief for investors holding almost $15bn of debt




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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