AN event of default on a loan granted to PACC Offshore Services Holdings' (Posh) joint venture has triggered a cross-default under a second loan facility by another lender to the joint venture....

THE default on US$27.6 million worth of debt, as well as any cross defaults, by a PACC Offshore Services Holdings (POSH) joint venture (JV) has no material impact on offshore and marine group...

MAINBOARD-LISTED PACC Offshore Services Holdings (POSH) could face a maximum impairment charge of US$42 million, following the default of its 50 per cent-owned joint venture (JV) on US$27.6...

CATALIST-LISTED lithium miner Alita Resources suspended trading of its shares on Tuesday morning, days after administrators and receivers were appointed in relation to its default on a secured A$...

OPINION

CHINA'S bond market has been eerily quiet lately.  Over the past year, investors in China's US dollar bonds had gotten used to the idea of defaults.

[WASHINGTON] Treasury Secretary Steven Mnuchin warned that the US government will face a default "late summer" unless Congress increases the debt ceiling.