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Take Five: That rate cut trade

Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London.
United Kingdom City Of United States Ping An New York Riddhima Talwani
Source: yahoo.com

Exclusive-Country Garden aims to have offshore debt restructuring plan by year end, sources say

China's embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, two sources with direct knowledge of the matter said. The nation's biggest private property developer, which missed a coupon payment in October triggering default terms, then aims to start formal negotiations with offshore bondholders by February or March next year. They added the firm expects to inform key bondholders of its cash flow projections by...
Ping An Houlihan Lokey Edwina Gibbs Sidley Austin Hui Ka Yan Xie Yu
Source: yahoo.com

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