A Chinese building materials producer will avert what would have been the second default in the nation’s onshore bond market as its guarantor said it would step in to help, two people familiar with the matter said.
China’s private junk bond market is facing its first casualty after a building materials producer reportedly missed a bond-coupon payment, as the government allows defaults amid steps to rein in credit expansion.
Turkish govt authorizes state pipeline co. Botas to expropriate land for Azeri-Turkish gas pipeline, Official Gazette said yday. * NOTE: Turkish branch will start in eastern province of Ardahan, terminate at Ipsala near border with Greece * NOTE: Erdogan Requests Inter-Agency Support for Tanap Land Procurement NSN MZDLRH6TTDTV <GO>
Back in the spring of 2012, while walking in the deep woods of northern Ontario, Sonny Gagnon stumbled across a collection of surveying equipment among the towering spruce trees. Gagnon is chief of the Aroland aboriginal tribe, a band of 450 people living in a village of ramshackle houses surrounded by swampy muskeg. He tracks everything that goes on in his community. And the surveying tools weren’t supposed to be there.