A Chinese coal firm missed a bond payment, becoming at least the 11th company to default on onshore debt obligations this year.CE.cn: 川煤集团10亿短融正式违约 47亿存续债券埋雷
Sichuan Coal Industry Group, based in the southwestern province of Sichuan, failed to repay 1.057 billion yuan ($160.1 million) of bond principal and interest due Wednesday, it said in a statement to Chinamoney. The state-owned company sold the 1 billion yuan of one-year notes with a 5.72 percent coupon in 2015.
Aussie mortgage rates will continue rising
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Australian households have already been hit harder than almost anywhere
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