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A group of Kaisa Group Holdings Ltd. bondholders have sent the company a formal forbearance proposal, designed to buy the beleaguered developer some time and avoid a default.
Miami Mayor Francis Suarez will become an advisory board member at ISG World, a real estate brokerage based in his South Florida city.
"There are lots of options. But politicians just aren’t allowed to have this conversation because the opposition -- and it’s any colour -- will skewer them for it. And so we don’t have the debate that we need to have.”
The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.
Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations.
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