News Snapshot:
Trending News A Chinese developer of luxury apartments missed $315 million in payments to lenders, sparking fears that financial strains in the country's outsized proprerty sector are spreading beyond the troubled Evergrande conglomerate, CNN reported. Fantasia Holdings, a Shenzhen-based developer, missed repaying $206 million worth of bonds that matured Monday, the company said in a stock exchange it is now assessing "the potential impact on the financial condition and cash position of the group". Separately, the property management unit of Country Garden, China's second largest developer by sales after Evergrande, said in a filing that Fantasia had failed to repay...
