Air France-KLM should return to core profit this year, the Franco-Dutch airline group said on Friday, after a rebound in passenger bookings over the summer helped it beat its earnings forecasts for the third quarter.
Developer China Evergrande Group has made an interest payment for an offshore bond before a grace period expired on Friday, two people with direct knowledge of the matter said, narrowly averting a catastrophic default for the second time in a week.
A unit of French advertising company Publicis Groupe SA on Friday lost a bid to dismiss a lawsuit by Massachusetts' attorney general claiming it helped OxyContin maker Purdue Pharma LP fuel the U.S. opioid epidemic.
Debt-laden real estate developer China Evergrande Group has resumed construction on 40 projects in the Pearl River Delta region and expects to deliver 32 of them on time by the end of 2021, local media reported on Tuesday.
Some Chinese property developers have voiced their intention to the regulators to extend their offshore bond maturities or undertake a debt restructuring, two sources with knowledge of the matter said, as a growing number of defaults hits the sector.