The rand weakened against major currencies on Tuesday, pulled lower by precious- and base-metals prices as another Chinese property developer defaulted on a debt obligation.
Debt problems in China’s property sector have become a global threat, with Modern Land on Monday becoming the fourth developer there to default on an overseas debt obligation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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