Evergrande real estate firm makes missed September bond payment, avoids default

Saturday, October 23, 2021 China property giant Evergrande Group wired USD83.5 million in interest owed in an offshore bond from September 23 on Thursday, temporarily averting default, according to a Reuters source and Chinese newspaper Securities Times. The wire to a Citibank fiduciary account following a 30-day grace period came Continue Reading

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Australian Budget for 2006-2007 released

Tuesday, May 9, 2006The Australian Budget (Appropriation Bill No. 1) for 2006-2007 was released by the Australian Liberal Party–Australian National Party coalition government treasurer, Peter Costello (Higgins, Liberal). Costello noted the resilience of the economy against natural disasters and terrorism, and through “disciplined and prudent management” the Government was able Continue Reading

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Viktor Schreckengost dies at 101

Sunday, January 27, 2008 Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101. Schreckengost was born on June 26, 1906 in Sebring, Ohio, United Continue Reading

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