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
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Evergrande set to avoid default after paying overdue interest
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
China, US pledge to enhance climate cooperation at UN talks The Denver Post
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.
Evergrande faces biggest payment test yet as grace periods end
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
Some Evergrande unit's offshore bondholders not paid interest due Nov 6, say sources
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
Military hotlines with Russia and China essential to avoid space wars, US claims
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.
Beijing may tighten management of home purchase funds
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
China industrial profit growth accelerates in September despite cost pressures
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
Evergrande, EV unit shares jump after chairman signals business shift
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
China eases mortgages for rest of year amid Evergrande contagion
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