For weeks, Russian President Vladimir Putin has railed against foes in the West and in Ukraine, where his bloody invasion is bogged down after three weeks.
Now, with no clear end to the hostilities in sight and the Russian economy coming under enormous strain, Mr. Putin has issued an ominous warning: The Kremlin will tolerate no dissent. Moreover, those with ties to the West are squarely in the Kremlin's sights.
Chinese Developer Yango Says It Can't Make Debt Payment
Chinese developer Yango Group Co. said it is unable to pay 5.03 billion yuan (US$792.2 million) in onshore debt that came due early after the company missed payments on offshore bonds last month.
Fujian-based Yango said in a filing to the Shenzhen bourse Friday that it hadn't obtained exemptions from cross-defaulting terms on the onshore debt, which comprises four bonds. Yango in February failed to make $27.3 million in overdue interest payments on two U.S. dollar bonds.
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Expected Major Events for Friday
05:30/NED: Jan International trade
07:00/SWE: Feb Labour force survey
07:00/ROM: 4Q Employment and unemployment
09:00/POL: Feb Average gross wages
09:00/ITA: Jan Foreign Trade EU
09:00/POL: Feb Industrial Production Index
09:00/POL: Feb PPI
09:30/UK: 4Q Bank of England statistics on UK banks' external claims
10:00/EU: 4Q Labour Cost Index
10:00/EU: Jan Foreign trade
17:59/POR: Jan Balance of Payments
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
03-18-22 0137ET