Chinese Evergrande Group avoided default a second time today by making an overdue interest payment on dollar-bonds, cutting it close to the end of its 30-day grace period, according to the Wall Street Journal.
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Gold little changed, bitcoin dips Crude slips after two strong weekly gains (New throughout, updates prices, market activity and comments to after U.S. stock market close)
NEW YORK, March 12 (Reuters) - An index of stocks across the world dipped on Friday but still posted its strongest weekly gain in five, while benchmark U.S. Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law.
On Wall Street, the S&P 500 drifted higher to end up 0.1% on the day and 2.6% for the week, its strongest weekly showing since early February. The Nasdaq underperformed as the rotation from growth to value continued. The Dow Industrials hit an intraday record high every day this week.