Stay updated with breaking news from Lucror Analytics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Tracy Qu Lenovo shares are sharply lower in Hong Kong on skepticism about the world's largest PC maker's near-term growth outlook, even though its third-quarter results were better than...
Chinese developers' bonds and stocks have seen gains, but investors are skeptical about the potential of Beijing's latest funding plan for 50 real estate firms to help revive the property sector. The plan does not directly direct banks to extend loans to developers, and the list of eligible developers may exclude state-owned and distressed firms.
(Bloomberg) -- After letting two of the world’s biggest property developers plunge into default, Chinese authorities are attempting to save a third industry giant from following suit.Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarTrump Shouts at Judge and Lawyers in Wild Day on Witness StandWall Street Faces ‘Reality Check’ After Big Ra
Yang Huiyan has seen her wealth plunge by a whopping $24.8 billion over the past two years, as shares of Country Garden have dropped to an all-time low.
(Bloomberg) -- Major Chinese developer Country Garden Holdings Co. must repay $2.9 billion in bond debt for the rest of the year, adding to strains just as a cash crunch and a market rout fuel concerns about its ability to avoid a first-ever default.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block