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Fears of default rise as Country Garden misses bond interest payment
Country Garden is at risk of defaulting on USD 11 bn of outstanding offshore bonds
China’s largest property developer is once again staring at default
Country Garden has warned that it will likely miss payments on some of its offshore payment obligations
Global growth to slow to 2.7% next year -OECD
Excluding 2020, this would be the slowest rate of growth since the global financial crisis
Arm scales back IPO
But it’s still on course to be the world’s biggest IPO this year
Aramco wants to break a second listing world record
This would be the largest offering in the history of capital markets
Monetary policy in the US and EU is going to start diverging
The ECB is expected to continue raising interest rates in response to stubbornly high inflation