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South Pole, the world’s leading purveyor of offsets, is facing allegations that it exaggerated climate claims around its forest-protection projects. The uncertainty could influence how legions of companies try to slash their emissions.
China Evergrande Group and a group of major offshore bondholders finish the week having taken a key step forward on what would eventually be one of the nation’s biggest-ever restructurings. But months of further negotiations and key dates still loom.
Hong Kong property heir Douglas Woo bought an apartment in an upscale area for HK$59.8 million ($7.6 million) at a time when the city’s luxury market is just picking up as the border reopens.
In 140 years, American policymakers have never faced a banking crisis quite like this.
South Korea’s property market risks an accelerated slide triggered by quirks in renting practices, an outcome that would put its sputtering economy under more pressure and test the confidence of investors already spooked by recent financial sector turmoil.
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