(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, as Beijing struggles to contain …
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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 …
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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 bottom of its junk ratings …
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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 at record low rates in …
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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 …
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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 …