Distressed Chinese developer Country Garden Holdings Co. has passed an initial deadline to pay dollar bond interest with holders yet to receive the money, keeping the threat of a first default looming.
Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million.
The International Monetary Fund and World Bank are pressing ahead with plans to hold their annual meetings in Marrakech, after a devastating earthquake left a trail of destruction in parts of the Moroccan city.
Cybersecurity company Cato Networks said it raised $238 million from investors at a valuation of more than $3 billion, in one of the largest funding rounds in Israel this year.
An expected increase in UK inflation is making the Bank of England’s already difficult decision on when to pause rate hikes even harder.
Italy is backtracking on a controversial price cap on airfares that sparked an angry reaction across the aviation industry, as the government led by Prime Minister Giorgia Meloni hands oversight powers to the country’s competition regulator.
Fund managers keen to restart the lucrative CLO-making machine are having to stretch the bounds of what counts as collateral behind these deals.
China’s top diplomat pledged to strengthen his country’s “strategic coordination” with Russia, as the two nations lay the groundwork for a meeting of their leaders in Beijing next month.
Lawmakers belonging to Singapore’s ruling party rejected a motion brought by the opposition to suspend Transport Minister S. Iswaran as a member of Parliament pending an ongoing corruption probe.
Poland will likely cut financial support to the million Ukrainian refugees it is hosting, the government said, in a move that may further undermine ties with its neighbor that have been strained in a clash over grain imports.
