China Evergrande arranges funds of US$1.75 billion to repay offshore bonds
HONG KONG: China's most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds.
The funds are to be remitted into the bond repayment account, the company said on ...
Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.
Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share. On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo