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Tag: U.S. Federal Reserve

China’s Evergrande has paid off interest on bonds that were due in October.
Chinese Real Estate Giant Evergrande Narrowly Avoids Another Default
China Evergrande Group, the world’s most indebted property developer, has managed to avert yet another default after making payments to several bondholders. This is the third time in the past month that the cash-strapped property...
Fed Warns of American Consequences for China’s Real Estate Crisis
China’s real estate crisis, triggered by several property companies being unable to service their debts, is one of the most-watched developments by investors world wide. Now, the U.S. Federal Reserve has warned that the situation...
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COVID-19 Crisis Fans Inflation of Food Prices, Rent, and Fuel
Consumer prices rose 8.6 percent last year induced by skyrocketing energy tariffs that are further hampering supply chains caused by understaffing due to stiff COVID-19 regulations and soaring sick leaves. The US Bureau of Labor...