Evergrande has made a key bond payment that keeps it out of default, Chinese state media reports

News Snapshot:

Hong Kong (CNN Business) — Evergrande has made a crucial payment that allows it to stay out of default, at least for now, according to Chinese state media. State-run financial newspaper Securities Times reported Friday that the embattled property conglomerate had made an $83.5 million interest payment on a dollar-denominated bond...