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Chinese developer Kaisa faces default as debt swap plan rejected | Money

BEIJING, Dec 3 Embattled Chinese developer Kaisa Group is facing a default after saying Friday it had failed in a bid for a debt swap that would buy it crucial time, and warned there was “no guarantee” it would be able to meet its debt obligations. The company is one of several real estate.

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World Shares Mostly Higher After Broad Rally on Wall Street

BANGKOK Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited .

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China s Kaisa Struggles for Relief From Bondholders as Default Risk Looms

HONG KONG Chinese developer Kaisa Group Holdings Ltd. is unlikely to win bondholders' approval to extend the maturity of .

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China s Kaisa seeks to extend maturity on $400 million offshore bond, shares surge

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