China readies for ‘possible storm’ over lingering Evergrande debt crisis:...
China has tasked local governments with preventing unrest and mitigating the ripple effect on home buyers and the broader economy, the Wall Street Journal reports.
View ArticleChina Evergrande inches closer to default as interest deadline quietly expires
A Thursday deadline for paying $83.5 million in bond interest passed without remark from Evergrande or any sign of bondholders being paid.
View ArticleChina Evergrande investors left in dark after payment deadline passes
Evergrande's shares handed back some Thursday gains on Friday and fell 13 per cent, while stock of its electric-vehicle unit dropped 20 per cent to a four-year low.
View ArticleChina Evergrande debt crisis is worrying investors. Why, and what’s happening?
Evergrande is China’s second-largest property developer with US$110 billion in sales last year, US$355 billion in assets, and over 1,300 developments nationwide.
View ArticleEvergrande to sell $1.5B stake in Chinese bank as it scrambles to avoid debt...
Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle its debt to the bank.
View ArticleChina Evergrande misses 2nd debt payment in a week, investors fear ‘large...
The company was due on Wednesday to make a $47.5 million bond interest payment on its 2024 dollar bond, after having missed $83.5 million in coupon payments last Thursday.
View ArticleChina Evergrande to avoid default after supplying funds for interest payment:...
News of the remittance will likely bring relief to investors and regulators worried about a default's wider fallout in global financial markets.
View Article‘Evergrande, return our money!’: Investors rally outside cash-strapped...
Once China's top selling developer but now reeling under more than $300 billion in liabilities, Evergrande has announced a dial-back of plans to repay investors.
View ArticleEvergrande debt crisis triggers worry, rot at iconic Chateau Montebello hotel
The financial woes of China Evergrande, owner of Canada's storied Chateau Montebello, are causing worries among local municipal leaders, workers, guests and even tourism rivals
View ArticleDeveloper China Evergrande ordered to liquidate. What will the impact be?
A Hong Kong court on Monday ordered China Evergrande to be liquidated, a move that could send shockwaves through already fragile Chinese capital and property markets.
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