China Evergrande Group on Thursday secured approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with creditors to avoid defaults.

HONG KONG (Reuters) -Chinese property developer Sunac China Holdings Ltd said on Thursday it planned to raise HK$4.52 billion ($580.09 million) from a share sale for repayment of loans and general corporate purposes.

British fashion retailer Next has cut sick pay for unvaccinated staff who must self-isolate due to exposure to COVID-19, it said on Thursday.

HONG KONG/SHANGHAI (Reuters) -Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Shimao Group and Yuzhou Group the latest seeking extensions on their maturing debt.

Cash-strapped Chinese developers are scrambling to negotiate new terms with creditors to avoid defaults, with Shimao Group and Yuzhou Group the latest seeking extensions as China Evergrande Group faces another deadline.

TOKYO (Reuters) -Japan's government will estimate that its primary budget would be balanced in fiscal 2026, one year earlier than its previous projection made about six months ago, two sources with knowledge of the matter told Reuters.