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July 16, 2024
Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financi...
July 7, 2024
I am dani burger in london. Holding steady, philly fed parker said the end of the hiking cycle may be near with potential cuts to come next year. Treasuries extend a rally. The u. S. Curbs its ambition bloomberg learns that investment into restrictions in china are more limited than first expected. Plus, after bank stocks stumble, italy clarifies its new tax on windfall profits, saying it will cap. All right, we are going to give it get earnings but first let us look at markets because it has be...
October 11, 2023
The IMF has warned that Chinaโs financial stability is in danger as the countrys real estate market continues to spiral out of control, leading the agency to lower its growth estimates for the country.
September 29, 2023
After defaulting on its debt two years ago, Chinese real estate developer Evergrande was meant to be restructured and allowed to get back on its feet. But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary.
August 4, 2022
Chinas embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the worlds most indebted developer, media reports said.
August 4, 2022
Chinese authorities are promising to establish an initial rescue fund of $11.8 billion (80 billion yuan) to offset a looming crisis in the real estate sector, where home buyers routinely purchase residences from developers plans and begin making mortgage payments before the dwellings are finished,
April 13, 2022
This update provides an overview of key regulatory developments in the past three months relevant to companies listed, or planning to list, on The Stock Exchange of Hong Kong Limited...
November 5, 2021
After the company revealed one of its units had missed a debt payment. the struggles of vast property giant evergrande have rattled markets as it battles for survival under $300 billion of debt. mariko oi is following this for us in singapore. so is kaisa the new evergrande? evergrande has been the most highโprofile example, if you like, of chinas debt crisis but there are others in the property sector with similar issues. we saw fantasia, cnet, as well as china properties group all defaulting...
October 27, 2021
HONG KONG -- Modern Land China has become the latest developer from Asia's largest economy to miss a dollar bond payment, underscoring the stress spre
October 26, 2021
Modern Land China has become the latest developer from Asias largest economy to miss a dollar bond payment, underscoring the stress spreading across the sector, Nikkei reported.The company failed to pay interest and principal due on a $250 ...