Mexico’s lower house OKs major tax cut for indebted state-run Pemex
MEXICO CITY (Reuters) – Mexico’s lower house moved to cut a profit sharing rate owed by state-owned oil giant Pemex to 30%, from its current 40%, as part of a sweeping 2024…
Timeline: Snowballing crisis at Evergrande, world’s most indebted developer
HONG KONG – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling…
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns south or…
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