HONG KONG (Reuters) – After cash-strapped developer China Evergrande here Group once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group.FILE PHOTO: A picture shows the
NEW YORK (BLOOMBERG) – Property developer China Evergrande Group looks set to avert another default in its biggest test since its debt crisis began. Customers of international clearing firm Clearstream received overdue interest payments on three US dollar bonds issued
By SETH BORENSTEIN, ELLEN KNICKMEYER and FRANK JORDANS GLASGOW, Scotland (AP) — The world’s top two carbon polluters, China and the United States, jointly pledged Wednesday to increase their cooperation on climate action despite their strong disagreements on other matters.
HONG KONG (BLOOMBERG) – China Evergrande Group is facing its biggest payment test since signs of a liquidity crisis emerged at the firm five months ago. Investors are waiting to see if the embattled developer makes coupon payments totaling US$148.1
HONG KONG (REUTERS) – Some holders of United States dollar bonds issued by China Evergrande Group’s unit Scenery Journey have not received interest payments due on Saturday by Monday morning (Nov 8) in Asia, two sources familiar with the matter
Want stories that are quite literally out of this world? Get Spaced Out direct your inbox A US military general has warned that hotlines between his country and foreign rivals could be necessary to avoid a 'space war'. Lt. Gen.
FILE PHOTO: FILE PHOTO: A man rides a bicycle next to a construction site near residential buildings in Beijing, China, January 13, 2021. Picture taken January 13, 2021. REUTERS/Tingshu Wang/File Photo/File PhotoBEIJING (Reuters) – Beijing may tighten the management of
BEIJING (REUTERS) – Profits at China’s industrial firms rose at a faster pace last month even as surging raw material prices and supply bottlenecks squeezed margins and weighed on factory activity. Profits jumped 16.3 per cent on year to 738.74
Slideshow ( 2 images )HONG KONG (Reuters) – Shares in China Evergrande Group shot up 4% on Monday after the embattled property developer announced plans to prioritise growth of its electric vehicles business over its core real estate operations. China
BEIJING (BLOOMBERG) – China is loosening restrictions on home loans at some of its largest banks, according to people familiar with the matter, adding to signs of growing concern by authorities about contagion from the debt crisis at China Evergrande