ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — It’s 3 a.m., and after five days plying through the high seas, the Ocean Warrior is surrounded by an atoll of blazing lights that overtakes the nighttime sky.
BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default.
ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — José López proudly remembers his first catch: he was 13 and a local skipper, pitying his ragamuffin look, hired him as an extra hand. When he returned home, his pockets stuffed with a day’s wages, his mother protested.
BEIJING (AP) — Fears that a Chinese real estate developer’s possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.