Cart

0

Economy, Real Estate

[China] “Country Garden’s entire offshore debt to be in default if Tuesday payment not made”

“Country Garden’s entire offshore debt will be deemed to be in default if China’s largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period… With nearly $11 billion of… Continue Reading…

Real Estate

“Country Garden [Chinese Real Estate] says it may not be able to repay debt, warns of uncertainty around liquidity position”

“Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all of its offshore repayments, including those issued in U.S. dollar notes. The company failed to make a debt repayment of 470 million Hong Kong… Continue Reading…

Business

“Olive Garden parent swings to a loss as sales plunge 43%”

“Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to pick up in the… Continue Reading…