Funding & Business
China Builder CIFI Wins Creditor Approval for Local Debt Revamp
CIFI Holdings Group Co. received creditors’ support for reorganizing about 10.1 billion yuan ($1.4 billion) of onshore debt, becoming the latest defaulted Chinese developer to make a breakthrough in a typically protracted process.
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UBS US Economist Abigail Watt is penciling in a 50 basis point cut in December amid weakness in the US economy persisting, and accelerating in the fourth quarter. She speaks to Bloomberg’s Jonathan Ferro and Lisa Abramowicz on ‘Surveillance.’ (Source: Bloomberg)
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US Energy Secretary Chris Wright talks about the future of nuclear energy in the US, climate change and exporting more energy. He speaks on “Bloomberg Tech.” (Source: Bloomberg)
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Giorgia Meloni’s government is working on a preliminary plan to raise an extra €1.5 billion ($1.8 billion) from Italian lenders in 2027 by postponing their tax deductions, according to people familiar with the matter.
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