S&P downgrades another China property developer, says Evergrande likely to default

The US rating agency Standard and Poor’s slashed Sinic Holdings’ credit rating to CCC, citing that the firm has not communicated a clear repayment pla
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EUR/USD recovery towards 1.1740 remains fragile despite softer USD

EUR/USD trades mildly higher in the Asian session on Tuesday amid cautious optimism. The pair remained mostly consolidated at the beginning of the day
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