Israel's Ban on Palestinian Workers Is Hurting Both Economies
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Oct 19, 2021
Bloomberg News
,(Bloomberg) -- China Evergrande Group’s main onshore unit has remit funds to pay interest due Tuesday on a yuan bond, Reuters reported, citing four people with knowledge of the matter.
The coupon on Hengda Real Estate Group’s 5.8% 2025 local bond is 121.8 million yuan ($19 million), according to data compiled by Bloomberg.
Evergrande didn’t immediately respond to a request seeking comment.
The reported move comes after Evergrande missed initial interest payment deadlines on several dollar bonds since last month. The company has a 30-day grace period before a coupon payment miss for any of those dollar notes would constitute a default.
While Chinese central bank officials have recently described the developer’s risks as controllable, investors continue to be on the lookout for signs that its crisis could spread and affect other developers and banks. A recent surprise default by Fantasia Holdings Group Co. had spurred a selloff in the offshore debt market, sending yields on Chinese dollar junk bonds to the highest in about a decade.
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