I love the bloke. I want to pay out on him.

As rising defaults trigger CDS payments, the effect on other markets is likely to grow.

More claims are inevitable, and Alibaba has not yet offered an estimate as to how much it will have to pay out.

They fully recovered the expense of more common bariatric procedures such as traditional gastric bypass surgery, which on average cost $26,000, within about four years.

Standardised collateral arrangements would reduce the sort of payment disputes that have flared up this year, including those between AIG and buyers of its insurance.