Investors await Evergrande’s $148 million overdue payment as debt crisis escalates

SHANGHAI/HONGKONG: Cash-strapped China Evergrande Group faced a deadline for making offshore bond payments on Wednesday, while a credit rating downgrade at another property firm added to growing concerns about a liquidity squeeze in the sector. Evergrande, the world’s most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with … Read more