The heavily indebted Chinese property developer said it is likely to default on a government-guaranteed local bond, as it continues to struggle with liquidity amid China’s property crisis.
The blue-chip index rises for sixth straight day, while the Nasdaq dips.
The anticipated return to normal for credit trends may bode well for spending.
A podcast series examines sustainable homeownership by outlining the financial implications of buying a house.
Spain’s Banco Bilbao Vizcaya Argentaria got the cold shoulder in its attempt to revive a merger with smaller rival Banco de Sabadell. While some analysts still think a deal is possible, a friendly approach seems to have been ruled out.
Assets in leveraged single-stock ETFs have doubled this year.
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