The dollar bonds of Chinese developer Sinic Holdings Group Co. have come under intense selling pressure this week, following a plunge in the firm’s shares and a credit rating downgrade on concerns over its finances.
The world’s biggest gas traders and producers are meeting in Dubai this week for the Gastech conference -- the first major in-person event for the industry since the onset of the coronavirus pandemic.
There’s no need for OPEC+ to change its current production accord, United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday.
The European Central Bank is likely to continue purchasing junk-rated Greek sovereign debt even after the pandemic crisis has passed, according to Governing Council member and Greek central bank chief Yannis Stournaras.
The owner of Turkey’s biggest media empire, a group loyal to President Recep Tayyip Erdogan, is in talks to restructure about $1.5 billion of loans that include funds used to finance its acquisitions of several newspapers and television stations, according to people with knowledge of the matter.
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