(Reuters) – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, …
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 …
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more highly indebted companies to the …
SYDNEY (Reuters) – The post-pandemic slump in Australian housing is set to deepen next year as hundreds of billions of dollars of mortgage debt fixed …
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 …
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance …