Rio Tinto to Buy Back Bonds to Reduce Debt

Rio Tinto Group, the world’s second-largest mining company, offered to buy back as much as $2.5 billion of its bonds as part of a new plan to reduce its debt. Bloomberg's Paul Allen reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

Yale's Stephen Roach Says China Has a Debt Problem
11:35 - Yale University Senior Fellow Stephen Roach discusses S&P's downgrade of China's sovereign credit rating. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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