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Strong US dollar creates trouble abroad

It is threatening emerging economies where firms have taken on US$-based debt.

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In India, it is a leading electric utility - Jaiprakash Power Ventures - that, having increased its debts thirtyfold in six years, is now selling off facilities and negotiating with lenders to avoid a default.

IN India, it is a leading electric utility - Jaiprakash Power Ventures - that, having increased its debts thirtyfold in six years, is now selling off facilities and negotiating with lenders to avoid a default.

In China, it is one of the country's largest real estate developers, the Kaisa

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