Chinese property developer Country Garden has been removed from Hong Kong's Hang Seng stock index after saying it expected to post a steep loss and miss bond payments, another sign of China's real estate woes worsening and a threat to oil demand. Foshan, Guangdong-based Country Garden warned of "significant uncertainties" in bond payments on 16 August after missing payments on dollar-dominated bonds this month, raising investor concerns the company could default on its bonds next month. Earlier in the month it said it expected to post a net loss of about Yn45-55bn in the first half of the year, compared with a ... (full story)