Only 0.6% of offshore debt recovered from China’s property developers

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. International bondholders have recovered less than 1 per cent of nearly $150bn of bonds defaulted on by China’s property developers since 2021, despite years of negotiations and nearly a dozen restructuring agreements. Just … Read more

Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Dutch pension funds are set to plough tens of billions of euros into risky assets in Europe, as their move to a system without fixed benefits supports the continent’s efforts to attract investment and bolster … Read more

Traders pile into Scandinavian currencies in ‘euro on steroids’ bet

Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Sweden and Norway’s currencies have become a favourite way for traders to bet on a European economic revival, outstripping other major peers since the start of the year as lawmakers across the region promise a spending … Read more

Steep fall in price of eggs prompts questions for US producers

Stay informed with free updates Simply sign up to the Agriculture myFT Digest — delivered directly to your inbox. US egg prices are rapidly declining after a bird flu epidemic pushed them to record highs last month, prompting questions about whether producers had kept them artificially high. Wholesale egg prices have fallen 54 per cent … Read more