The Challenges Faced By China’s Real Estate Leader, Country Garden, Could Potentially Lead To Defaults In The Nation
JPMorgan has increased its forecast for corporate high-yield defaults in emerging markets worldwide due to concerns about the potential impact of a default by Country Garden on China’s property sector. In a note dated August 15th, the US-based investment bank raised its 2023 global forecast from 6% to 9.7%. It also increased its forecast for […]
Intel Has Announced That It Will Cancel Its $5.4 Billion Tower Deal If It Doesn’t Receive Approval From China
Intel Corp. is anticipated to drop its intended acquisition of Tower Semiconductor Ltd., which was valued at $5.4 billion, according to persons with knowledge of the situation. The transaction deadline, set for midnight California time on August 15, is expected to pass without approval from China. Although Intel declined to comment on the approaching deadline, […]