Fitch

Europe’s Stoxx 600 Index opens lower as mining and energy stocks advance

Value of $2bn of bonds issued by Irish entity of energy giant Rosneft slide nearly 3.5%

Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently

Agency sees State’s debt burden on a ‘firm downward trajectory’

Joe Brennan: Behemoth has been struggling to grow its sales at same pace as rivals

Troubled Chinese property developer battling to restructure after debt default

In a sequel to 2020 no one wanted, some thrived, some slumped and some were unlucky

Apple soared and Zoom slumped in a year that saw markets surge to record levels

Downgrades come as Evergrande collapse fuels fears over health of China’s economy

Low price on bonds that were part of 2019 rescue package underscores lacklustre investor reception

Neither company nor government has confirmed that Evergrande has defaulted

Some bondholders have not received overdue coupon payments after end of grace period

Analysts wonder how much further Erdogan will let the currency fall

Developers behind prestige mega-projects in global cities scrambling for cash

Company sells Pacific unit for €1.6bn

Just one dollar bond sold since heavily indebted company’s missed payment shook markets