China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
Wanda's 200 Million Dollar Asset Sale Leads to a Cliff Dive
Wanda made an announcement that they were $200 million short of a $400 million payment to creditors. The company then suddenly had this reverse reversal in the stock market, which is very unusual for corporate stocks. Peter Navarrette: Where did Wanda come up with that 200 million? He says Chinese officials are not in the business of direct bailouts or privatizing gains and socializing losses.
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