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China's property-debt crisis has entered a new phase, with developers now facing court battles with creditors over debt restructuring plans and the possibility of liquidation orders. At least 23 Chinese builders have received wind-up petitions in Hong Kong, with five of them already ordered to wind up. China Evergrande Group, one of the largest developers, has been hit particularly hard, with a liquidation order and a fine from the securities regulator. Other developers, such as Redsun Properties Group and Kaisa Group Holdings, are also facing court hearings. Chinese developers have defaulted on $111 billion of onshore and offshore bonds since the real estate crisis began in 2021. [Extracted from the article]

The company reported interest expenses of $571 million for the quarter, down from $598 million in pro-forma interest expenses during the first quarter of 2022, prior to the combination of Warner Bros. and Discovery. Higher interest expenses also raise the bar for how much companies have to earn from projects to cover financing costs, potentially resulting in less investment. [Extracted from the article]

(Bloomberg) -- As the Federal Reserve decides whether to tighten the money supply further, corporate treasurers are scrambling to cope with the impact of more than a year of central bank rate hikes, taking steps like cutting costs and paying down debt. The company reported interest expenses of $571 million for the quarter, down from $598 million in pro-forma interest expenses during the first quarter of 2022, prior to the combination of Warner Bros. and Discovery. [Extracted from the article]

(Bloomberg) -- Since Silicon Valley Bank's collapse on Friday, listed companies big and small have come forward to try and reassure investors about their exposure to the failed lender. Just under a third of biotech companies with exposure have a market valuation of less than $100 million, but even this group believes that its cash held at SVB is immaterial to maintaining operations. [Extracted from the article]

Buying put options as a way to hedge losses didn't work either, adding to trader angst. (Bloomberg) -- For all the ink spilled over its horrors, the 2022 stock market will go into the books as an undistinguished one in the history of bad years. [Extracted from the article]

(Bloomberg) -- Wall Street's favorite volatility gauge has acted so strangely in this brutal year for equities that a debate has emerged over its soundness. The Cboe Volatility Index, the measure of S&P 500 option costs known as the VIX, usually moves in the opposite direction of the stock benchmark, going up when demand for hedges expands in down markets. [Extracted from the article]

(Bloomberg) -- Banks in the US and Europe with around $42 billion of buyout debt stuck on their balance sheets are making the most of their last chance to get rid of it this year. European Opportunity In Europe, where the pile of hung debt is smaller, leveraged loan prices have risen from their October lows to an average of around 91 cents on the euro, according to S&P's index. [Extracted from the article]

(Bloomberg) -- China's property developers posted their worst first-half earnings in over a decade, an outcome that will likely pressure stocks further even as the government boosts efforts to stabilize the sector. "China's real estate development market will likely become dominated by SOEs, supplemented by healthier private firms that are obedient to the authorities", said Naoto Saito, chief researcher at Daiwa Institute of Research. Private firms saw their liquidity woes deepen in the first half of the year, according to UBS Group AG, with cash holdings down 19% compared with a 2% drop for state-owned companies like China Resources Land Ltd. and China Overseas Land & Investment Ltd. State-owned firms were also able to borrow more in the first half of the year, the bank added. [Extracted from the article]

MicroStrategy Inc. has amassed over $5 billion worth of Bitcoin, surpassing the cash holdings of most companies in the S&P 500 Index. The enterprise software provider, which adopted Bitcoin as a corporate strategy a year ago, recently purchased an additional 5,050 Bitcoins for approximately $242.9 million, bringing its total holdings to 114,042 coins. This amount exceeds the cash holdings of 80% of non-financial companies in the S&P 500. MicroStrategy's stock has seen significant gains, rising over 300% in the past year, in line with the surge in Bitcoin's value. [Extracted from the article]

MicroStrategy Inc., an enterprise software provider, has amassed over $5 billion worth of Bitcoin, surpassing the cash holdings of most companies in the S&P 500 Index. The company recently purchased an additional 5,050 Bitcoins for approximately $242.9 million, bringing its total Bitcoin holdings to 114,042 coins. This amount exceeds the cash holdings of 80% of non-financial companies in the S&P 500. MicroStrategy's stock has seen significant gains, rising over 300% in the past year, in line with the increase in Bitcoin's value. [Extracted from the article]

Here's the latest news and analysis from Bloomberg Economics to help you start the day: U.S. companies face soaring bills for all kinds of materials that they need to do business -- and surging demand is helping them pass on those higher costs to their customers Banks in the U.S. continued to sit on an ample cash hoard this month, increasing combined holdings to nearly $3.8 trillion to make it their single biggest discrete asset, Federal Reserve data show France and Germany support the U.S. proposal of a 21% minimum tax on multinational companies, French Finance Minister Bruno Le Maire and his German counterpart Olaf Scholz told Le Figaro and Die Zeit in a joint interview released on Tuesday Joe Biden's massive infrastructure and family-support plans are a direct appeal to the discontented White voters who put Donald Trump in office and to independent suburban women, his advisers say The world's most important trade negotiation this year centers on a deal aimed at saving the world's fisheries U.S. trade chief Katherine Tai met with key officials at Pfizer Inc. and AstraZeneca Plc about raising production of Covid-19 vaccines and a proposed waiver of intellectual-property protections as the daily number of confirmed cases keeps rising That come as Bloomberg Economics predicts the euro area is likely to register a double-dip recession in the first quarter as a more infectious strain of Covid-19 swept across the region and forced governments to tighten restrictions on public life ©2021 Bloomberg L.P. [Extracted from the article]

Alcoa Boosted Cash Position to Weather "Challenging" Market (Bloomberg) -- Alcoa Corp. said it's boosting its cash position to weather "challenging market conditions", reassuring investors rattled by uncertainty over the outlook for demand amid the virus pandemic. Benchmark aluminum prices are still down about 7% this year after the virus shut down automakers and other users of the metal. Alcoa has been taking cost-cutting measures that include curtailing one of its U.S. smelters. [Extracted from the article]

The article reports on decline in the stocks of Burford Capital Ltd., according to Muddy Waters, the research firm founded by Carson Block. It mentions that according to a statement from the company its cash position and access to liquidity is strong and that it is investigating recent market activities. It also mentions views of Jefferies analyst Julian Roberts on same.

The article reports on decline in the stocks of Burford Capital Ltd., according to Muddy Waters, the research firm founded by Carson Block. It mentions that according to a statement from the company its cash position and access to liquidity is strong and that it is investigating recent market activities. It also mentions views of Jefferies analyst Julian Roberts on same.

The article offers information on the hedge fund performance of several investment firm, Valley Forge Capital Management. It discusses the decline in the cash holdings and the stocks of the company. It mentions the efforts of the Federal Reserve to spur economic growth and employment with lowering the interest rates.

The article offers information on the hedge fund performance of several investment firm, Valley Forge Capital Management. It discusses the decline in the cash holdings and the stocks of the company. It mentions the efforts of the Federal Reserve to spur economic growth and employment with lowering the interest rates.

The article presents a Bank of America's Merrill Lynch survey of money managers for the impact of global financial crises, investor's role, and equity allocations. It discusses cash holdings, debt-ceiling crisis, and increase in stocks. It discusses concerns about the trade war between the US and China, trade war talk, and waiting for the Federal Reserve rate decisions. It also forecasts market weakness over the next 12 months.