China's Country Garden has paid coupons of USD22.5mn – avoids default

<p>Country Garden was due to make the payments today, otherwise the 'grace peiod' would have expired leaving the firm open to default demands from creditors. </p><p>News crossing now that the payments have been made. </p><p>We can breathe now for a few days before the next lot are due! </p><p>The yuan is still weak on the session:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.