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China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion (apnews.com)

A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden....

Trump’s Cash Stockpile at Risk From $450 Million Dual Verdicts (www.bloomberg.com)

Donald Trump is facing a pair of major legal verdicts in New York that risk wiping out most — if not all — of the cash the billionaire says he has on hand, a potential blow to the presidential candidate whose persona is tied up with financial success and wealth....

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