Business
China’s Evergrande’s shares pummelled on fear of debt default – Al Jazeera English
As Evergrande scrambles to raise funds to pay off debt, regulators warn of broader risks to China’s financial system.
Shares of Evergrande on Monday plunged as much as 19 percent to their lowest in more than 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.
By noon, the…
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