Payment-in-kind loans are growing as an option for cash-strapped companies
Shares in ASML led a tech rout on Nasdaq on Tuesday after the chipmaker warned of a slower recovery in the semiconductor market, and Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn, boosted by its equity trading business. Asian battery makers are racing to develop new generations of superfast charging for electric vehicles, and a growing list of cash-strapped companies are deferring loan repayments to private credit funds.
Mentioned in this podcast: ASML shares drop sharply after warning on semiconductor recovery Corporate debts mount as credit funds let borrowers defer payments Battery makers aim to ease EV anxieties with 5-minute charge Goldman Sachs profits jump 45% to $3bn after trading boost Citigroup and BofA join other big US banks in beating gloomy forecasts The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino.
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