Page 20 - Debt Restructuring News Today

Prema-Chandra Athukorala is Professor of Economics at the Crawford School of Economics and Governance, ANU.

Sri Lanka’s debt restructuring plan places an inequitable burden on ordinary people and risks further destabilisation.

HONG KONG/NEW YORK (Reuters) -Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's worsening property crisis and a weakening economy. Once China's top-selling developer, Evergrande has become the poster child of the country's unprecedented debt crisis in the property sector, which accounts for roughly a quarter of the economy, after faci...

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring The company clinched a restructuring deal with a group of its foreign bondholders this spring and is seeking court... -Yesterday at 09:16 pm- MarketScreener

The European Unions gas-storage levels are on the brink of hitting their pre-winter target more than two months early, a boost for the blocs economy after energy ties with Russia were all but... -Today at 12:16 am- MarketScreener

MARKET WRAPS Watch For: Canada Industrial Product Prices for July; Earnings from Deere, Estée Lauder, Palo Alto Networks Todays Top Headlines/Must Reads: - Investors Fear Chinas... -Today at 06:18 am- MarketScreener

HONG KONG/NEW YORK (Reuters) -Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's worsening property crisis and a weakening economy. Once China's top-selling developer, Evergrande has become the poster child of the country's unprecedented debt crisis in the property sector, which accounts for roughly a quarter of the economy, after faci...

The embattled property developer filed for protection under chapter 15

Zhongzhi Enterprise Group Co. hired KPMG in late July to review its balance sheet amid a worsening liquidity crunch, said the people, asking not to be identified as the matter is private. The Beijing-based company plans to restructure debt and sell assets after the review in order to repay investors, the people said. The company manages more than 1 trillion yuan ($137 billion) of assets.

(Bloomberg) -- The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc., sending the carmaker’s shares soaring Tuesday on expectations the deal could keep it in business.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina&...