China Evergrande Group has rapidly become Beijing's biggest corporate headache as it wrestles with debts of more than $300 billion and the fate of the country's second-biggest property developer is keeping global markets on tenterhooks.
U.S. oil and gas producer Sundance Energy, which emerged from bankruptcy protection in April, is marketing about 38,800 acres in the Eagle Ford shale basin in South Texas, according to marketing documents seen by Reuters.
China Evergrande Group said on Wednesday a deal to sell a 50.1% stake in its property services unit has fallen through, delivering a blow to embattled developer's hopes of avoiding a potentially disruptive default.
The International Monetary Fund (IMF) and Lebanese authorities have started technical discussions to pull the country out of its crisis, a senior IMF official said, stressing the need to address the losses faced by the financial sector.