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Country Garden Faces $2.9 Billion of Bond Payments as Woes Mount

(Bloomberg) Major Chinese developer Country Garden Holdings Co. must repay $2.9 billion in bond debt for the rest of the year, adding to strains just as a cash crunch and a market rout fuel concerns about its ability to avoid a first-ever default.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block

Sino-Ocean Working With Major Shareholders on Debt Plan, Sources Say

Sino-Ocean Working With Major Shareholders on Debt Plan, Sources Say

(Bloomberg) A state-backed Chinese developer facing mounting signs of concern in credit markets told some creditors Tuesday that it’s been working with two major shareholders regarding its debt load, according to people familiar with the matter.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Ch

Weekly Commentary: Powell Building Credibility

Powell is an admirer of Paul Volcker’s fortitude, and he’s clearly drawing inspiration from the legendary Fed Chairman.

North American Morning Briefing: Stock Futures Slump on Recession Worries