Distressed Chinese developer Country Garden Holdings Co. is entering the final hours of voting by creditors on its request to extend a group of local bonds. The outcome could determine if it faces a major repayment demand as soon as Thursday.
A deadly parasite that’s ravaged bee populations across the world has made deeper inroads into Australia, setting up the nation for an expensive fight to protect its honey and horticultural industries.
China’s economy is showing clear signs of a slowdown that will have an inevitable spillover to the region, according to Taiwan’s top emissary to the US.
Investors betting Australia’s dollar will continue to weaken may want to reconsider. Analysts see the currency rebounding on China stimulus and Reserve Bank of Australia rate-hike prospects.
Argentina economists lambasted a proposal to dollarize the nation that’s backed by presidential candidate Javier Milei, calling the idea a mirage and warning it would spawn a new set of challenges.
Luis Rubiales finally caved in after days of intense pressure and will quit as head of Spain’s football federation following a scandal over kissing a female player on the lips after the team won the Women’s World Cup.
Treasury Secretary Janet Yellen said she’s increasingly confident that the US will be able to contain inflation without major damage to the job market, hailing data showing a steady slowdown in inflation and a fresh influx of job seekers.
Comcast Corp.’s Xfinity reported outages on Sunday, sparking anger among customers eager to watch National Football League games.
Instacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.
Just when US automakers and the broader economy were shaking off the effects of the pandemic and semiconductor shortages, a long strike by the United Auto Workers union could bring higher inflation and economic damage.
