Embattled Chinese property developer Country Garden said on Monday it had agreed with a key group of bank creditors, which collectively hold 49 per cent of its existing offshore debt. The company defaulted on its offshore debt in late 2023 and is now in a restructuring process, which aims to cut $14.1 billion of that…
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KEY TAKEAWAYS Six in 10 parents say they have gone into debt to pay for their child’s needs, and half say their debt is becoming unmanageable. As the cost of living increases, parents are having a harder time buying back-to-school supplies and paying for medical for their childrens’ care. Debt is stressing parents out and…