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The fight over a troubled Chinese property developer is intensifying as a onetime white knight is poised to sweeten its offer to foreign bondholders, seeking to trump an offer from the company’s chairman.
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U.S. Treasury prices rose Friday, as mounting uncertainties about an expected economic rebound brought safer bonds back in favor.
After just a month of being the top holder of U.S. Treasury debt, Japan has once again been pushed into the No. 2 slot as China bulked up on Uncle Sam's bonds and notes.
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Fannie Mae and Freddie Mac are a step closer to issuing a combined mortgage-backed security that would fundamentally overhaul one of the largest bond markets and could reduce borrowing costs for homeowners.
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Ratings service DBRS Inc. on Friday cut its rating on Greece, citing uncertainty over whether the country will be able reach an agreement with its creditors and stay current on its debt.
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China is reversing course on a major effort to tackle its hefty local government debt problem, marking a setback for a priority reform.
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Two major lenders to Sharp expressed confidence that the Japanese electronics maker can return to growth, even as its share price sank again and its credit-rating was downgraded.