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Northern Virginia has been named the world’s most desirable data center location for a third straight year, according to a 2022 annual report by global real estate firm Cushman & Wakefield. Singapore tied Silicon Valley for second place after placing fifth last year.
China’s central bank set its daily fix for the onshore yuan at the strongest level in three years, as the currency rallied amid a drop in the greenback.
Chinese lenders lowered borrowing costs for a second straight month after the central bank cut policy loan rates and pledged more easing to stabilize the economy.
China Aoyuan Group Ltd. won’t make payments on four dollar bonds and said that will trigger defaults on all other offshore debt, becoming the latest Chinese developer to succumb to the industry’s liquidity crisis.
China Aoyuan Group Limited said it has decided not to make payments on four notes dated through 2024 and is exploring asset sales to pay down debt, becoming the latest Chinese developer to be impacted by the industry’s liquidity crisis.
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