New World Plans $1.9 Billion Debt Swap With Creditor Haircuts
New World Development Co. plans to issue up to $1.9 billion of new debt in an exchange offer…
Hong Kong Overnight Rate Surges Past 5% for First Time This Year
The cost of overnight borrowing in Hong Kong jumped past 5% for the first time this year, as…
Hong Kong Issues Black Rainstorm Warning as Tropical Storm Podul Passes City
Hong Kong’s central business district and outer airport were hit by violent gusts and a deluge of heavy…