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China's Country Garden says might not meet all debt obligations
China's Country Garden says might not meet all debt obligations
Economy
by  AFP

Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default. In a filing with the Hong Kong Stock Exchange, the firm said it "expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods".

Hollywood writers sign off on new deal
Hollywood writers sign off on new deal
Economy
by  AFP

Hollywood writers overwhelmingly voted to approve a hard-fought new deal with studios, their union said Monday, officially ending one of the industry's longest ever strikes. "99 percent of WGA members have voted in favor of ratifying" the contract, allowing them to return to work on improved terms, said the Writers Guild of America on social media.