China Evergrande Has Defaulted on Its Debt, Fitch Says

China Evergrande Has Defaulted on Its Debt, Fitch Says  The New York TimesEvergrande has defaulted on its debt, Fitch Ratings says  CNNTwo Chinese property firms default on $1.6 billion in bonds: Fitch  FRANCE 24China’s handling of Evergrande debt crisis should cheer markets  South China Morning PostEvergrande’s Rating Downgraded to Restricted After Missing Bond Payments  BloombergView Full Coverage on Google News…

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Evergrande, EV unit shares jump after chairman signals business shift

Breadcrumb Trail Links PMN Business Author of the article: Reuters Clare Jim and Andrew Galbraith Article content HONG KONG — Shares in China Evergrande Group and its EV unit rose on Monday as the embattled property developer moved to prioritize growth of its nascent electric vehicles business over its troubled core real estate operations…

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