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France 24
France 24
Business

Evergrande shares plunge more than 12 percent, fueling fears of default

BUSINESS DAILY © FRANCE 24

Shares in the deeply-indebted Chinese property developer Evergrande fell again on Monday with crucial deadlines on interest payments approaching. Many worry a default could threaten the broader stability of China's financial system. Also, Lufthansa aims to raise €2.1 billion to help pay back a government bailout and Germany's leading candidates for chancellor face off over wages and tax policy in a televised debate.

>> Evergrande's collapse would have 'profound consequences' for China's economy

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