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A group of offshore creditors to China Evergrande Group is demanding controlling equity stakes of the property developer as well as its two Hong Kong subsidiaries as part of discussions on the firm’s revamped restructuring proposal, according to people with knowledge of the matter.
Global pension and sovereign wealth managers are flocking to India while growing hesitant on China, according to a new study.
Oil steadied after tumbling on Thursday following an OPEC+ meeting that promised further output cuts but was hazy on the details.
Israel said it’s resumed combat against Hamas in the Gaza Strip, after a week-long truce between the two sides ended on Friday morning.
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