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Distressed Chinese property developer downplays the possibility of a liquidation after it hired the financial advisory firm to assess the amount of money creditors could recover in such an event. ....
Embattled property developer Country Garden said it is injecting funds into an unfinished skyscraper project by introducing a new partner, an announcement which sent its shares soaring. ....
During China’s National People’s Congress last week, officials from some of the country’s most indebted provinces met with leading state banks to negotiate debt repayments on billions of dollars of liabilities. ....
Country Garden Liquidation Threat Shows Power of Tiny Creditors bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
European stocks ended Wednesday's session in mixed fashion as investors stayed cautious ahead of a US inflation reading on Thursday, while shares in French call centre operator Teleperformance and UK wealth manager St James's Place both tanked. ....