Festering Evergrande contagion worries push China spreads to record

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Reuters

By Andrew Galbraith SHANGHAI (Reuters) – Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another dollar bond deadline. The company, which has more than $300 billion in liabilities, on Monday missed its third round of interest payments on its dollar bonds in three weeks even as other firms warned of defaults. In the clearest sign yet of global investors’ worries of spreading debt contagion, the option-adjusted spread on the ICE BofA Asian Dollar High Yield C…

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US Pentagon chief in Kiev says Russia ‘obstacle’ to peace

Published by AFP Kiev (AFP) – US Defense Secretary Lloyd Austin on Tuesday called on Moscow to stop prolonging the war in eastern Ukraine, his second stop in Black Sea countries he said were threatened by Russian expansionism. “We again call on Russia to end its occupation of Crimea and to stop perpetuating the war

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Haaland makes scoring return as Dortmund fight back in Wolfsburg

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Nigerian Para Powerlifter Kehinde gets 30 months ban

Published by TDPel Media The International Paralympic Committee (IPC) has banned former Paralympic champion Para powerlifter, Paul Kehinde for 30 months for an anti-doping rule violation (ADRV). Kehinde, who won gold at the Rio 2016 Paralympic Games in the Men’s up to 65kg, returned an adverse analytical finding (AAF) for prohibited substances in a urine

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