The property giant was unable to repay a loan and signaled it would default on its debt, becoming one of the biggest casualties of China’s deepening property crisis.
Tag: Credit and Debt
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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
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Stocks Slip as Strong Jobs Report Pushes Bond Yields Higher
The report for September showed surprising strength in the economy, but that strength has become a cause for concern among investors.
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Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy?
A run-up in longer-term interest rates could help the Federal Reserve get the economic cool-down it wants — but it also risks a bumpy landing.
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Supreme Court Skeptical in That Could Hobble Consumer Watchdog
The justices heard a challenge to the way Congress funded the Consumer Financial Protection Bureau but seemed persuaded that it was constitutional.