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Evergrande's liquidators plan a first payout to creditors with under 1% of claims recovered, per Nikkei Asia.
The figure — under one percent — lays bare the scale of the shortfall in China's property collapse, per Nikkei Asia.
Australian home prices tumbled as tax rules and rate hikes bit into demand [money#13].
Indonesian stocks continued to plunge as fears of an MSCI downgrade deepened [money#17].
The euro slid to fresh lows against the US dollar and the British pound despite ECB rate hikes [money#7].
The IMF urged support for poorer nations facing high inflation and war spillovers [money#12].
Japan was the exception: M&A deals there reached an all-time high on foreign buyers [money#2].
The pattern is a credit cycle still unwinding — pennies recovered in China, tumbling prices in Australia, a sliding euro in Europe [money#13] [money#7].