Far East Energy Corp., the explorer cited by short-seller Carson Block in his criticism of Standard Chartered Plc’s loan quality, has had talks with several global oil companies for a possible takeover or a stake sale.
China’s bond risk rose the most in a year in May and investors from Muddy Waters LLC’s Carson Block to Jupiter Asset Management Ltd. are seeking to profit from an economic slowdown as policy makers rein in debt.
Zoomlion Heavy Industry Science and Technology Co., China’s second-largest construction equipment maker, halted stock trading and saw its bonds decline after a report on Sina.com accused it of falsifying sales.
Zoomlion Heavy Industry Science & Technology Co., China’s second-largest maker of construction equipment, fell to a 20-month low in Hong Kong trading after denying for a second time allegations it falsified sales.
Carson Block, the short-seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Plc because of “deteriorating” loan quality, triggering a 13.5 percent jump in the cost of insuring against losses on the debt of the British lender.
At a benefit for pediatric cancer care in London three weeks ago, Carson Block, the 36-year-old short seller whose research helped erase almost $7 billion of market value in China since 2010, unveiled his latest theory.