Rival Kaysa News Today

Says real estate giant evergrande and its smaller rival kaysa both defaulted on interest payments due to foreign investors this week. the companies themselves have not commented. evergrande alone owes some $300 billion, raising fears of a huge black hole in the global financial system that has rattled financial markets. lets talk to economist and author dr linda yueh. the threat of this has been enough to send stock markets into death spirals and yet now its officially labelled a defaulter, fina...