Business World

Evergrande: Shares of troubled Chinese real-estate giant surges after deal with bond holders

The stocks of Chinese troubled real-estate giant Evergrande jumped on Thursday after it struck an agreement with Chinese bond holders on Wednesday. The announcement helped to calm some investor concerns over debts of more than $300 billion. But the world’s most indebted developer is also due to make a $83.5 million interest payment on an […]