Wednesday, 10 November 2021

Evergrande Fights off Default Yet Again After Making Overdue Coupon Payments

Evergrande yet again flirted with default, as the distressed property giant made overdue coupon payments to holders of 3 separate offshore bonds.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...