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A court in Hong Kong on Monday ordered China Evergrande to be liquidated, in a decision that marks a milestone in China's efforts to resolve a property industry crisis that...
Once China’s largest developer, Evergrande’s descent into debt distress more than two years ago marked the start of a property crisis.
Evergrande’s liquidation doesn’t help the world’s second-largest economy, extending a long-run drag from the beleaguered property development sector on growth.
A court order to liquidate property developer Evergrande could ripple beyond China, Desmond Lachman writes in a guest commentary.
Gold prices jumped Monday ahead of this week's US Fed interest-rate decision after US President Biden pledged retaliation for Iran-backed militia killing 3 soldiers while debt-plagued Chinese property giant Evergrande was ordered into liquidation