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Indebted Chinese developer Country Garden Holdings has proposed restructuring terms that aim to reduce its offshore debt by up to US$11.6 billion while providing creditors with multiple options including converting debt into cash or accepting extended maturity periods. The developer said it had reached an understanding on key terms of the restructuring proposal with a […]
MUMBAI, Dec 13 (Reuters) – The Reserve Bank of India’s intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. Other […]
Sjina sukkel steeds om te groei 10 Dec 2024 / Tinus de Jager Francois Stofberg, senior ekonoom by die Efficient-groep gesels oor Sjina wat sukkel om te groei. Source link
Left-wing politician Yamandu Orsi was elected president of Uruguay, official results showed on Sunday, in a rebuke by voters of five years of conservative rule. Uruguayans went to the polls for the second round of voting in what became a tight race between Orsi, of the Frente Amplio (Broad Front) alliance, and Alvaro Delgado of […]
The UK economy expanded by just 0.1% in the third quarter of 2024, falling short of the 0.2% growth forecast by economists and marking a slowdown from the 0.5% increase recorded in the second quarter. The latest GDP figures, released by the Office for National Statistics (ONS), revealed weakening momentum in the UK’s dominant services […]
Beijing has been urged to take further action to ensure a soft landing for China’s economically important property sector, as the country focuses on preventing debt shocks, restoring market confidence and meeting its annual economic growth target. At a forum held by Renmin University on Wednesday, policy advisers and economists joined the chorus of those […]