Evergrande’s 11th hour $83.5 million payment to offshore bondholders today comes 24 hours before they would have fallen into default and prevents cross-default clauses across offshore bonds in the broader Chinese property market.
A slew of underwhelming economic data from China released this morning skews risk sentiment to the downside, as investors mull slowing China economic growth, as well as its slumping property market and receding consumer spending.
The macroeconomy has a significant influence on crypto markets. Many like to believe that crypto and main markets have decoupled, but that is not true. A […]
Evergrande completed a 11th hour payment to US dollar-denominated bondholders, witing the $83.5 million today (Friday) 24 hours before the property developer would have fallen into default.
One of the enduring lessons from this shared global experience is to remind us how mutually dependent we all are for our shared prosperity and existence, writes James Wallace