Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer has just hours to avoid another bleak milestone: liquidation.
One of the chipmaking industry’s small but indispensable suppliers is sinking deeper in debt because it’s refusing to raise prices to cover mounting capex costs.
German Economy Minister Robert Habeck canceled a trip to the COP28 climate conference and the Middle East to attend talks in Berlin on solving the country’s budget crisis.
Alaska Air Group Inc. has agreed to buy rival Hawaiian Holdings Inc.’s Hawaiian Airlines in a $1.9 billion deal to combine the two carriers, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership.
A torrid bond-market rally shows traders are convinced the Federal Reserve’s rate-rising cycle is over. The debate now turns to when central bankers start cutting, and by how much.
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