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2 mins read
US stocks edge up ahead of action-packed week for earnings and the economy
So far, 25% of S&P 500 companies have reported Q4 earnings results, with 71% of those companies bea…
Matthew Fox
5 mins read
It's a make-or-break week for the stock market. Here's why.
In today's big story, we're looking at why this is such a big week for the stock market.
Dan DeFrancesco
1 min read
The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire
Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 bil…
Huileng Tan
1 min read
Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies
The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week a…
George Glover
2 mins read
Ratings agency Fitch says it considers China's Evergrande to be in default, and cuts its creditworthiness even further into 'junk' territory
Fitch's rating downgrade highlights Evergrande's inability to make a crucial interest payment this …
Shalini Nagarajan
4 mins read
Evergrande owes its creditors over $500 million that is due by the end of the year. Here's a breakdown of the payments it needs to make.
If Evergrande fails to meet its obligations, it could become the second-biggest emerging market cor…
Shalini Nagarajan
1 min read
Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says
Evergrande was in talks to sell 51% of its property services unit to Hopson Development Holdings fo…
Isabelle Lee
2 mins read
China says Evergrande risks are 'controllable' in first comments since debt crisis
Chinese officials, including state-controlled media, have kept silent throughout the Evergrande's f…
Isabelle Lee
2 mins read
US stock slip as traders closely watch Evergrande drama and debt ceiling talks
"Investors should brace for more stock market volatility," Jay Pestrichelli of Zega Financial said,…
Isabelle Lee
3 mins read
The supply chain crunch for US homebuilders may ease as China's ailing property market slows, says the CEO of a $4 billion investment portfolio
"It's lumber … it's appliances, it's paint, it's drywall, countertops, cabinetry," that are in shor…
Carla Mozée
1 min read
Beijing flinches from Evergrande bailout, nudges government-owned firms to snap up assets, report says
Vanke, China Jinmao Holdings, and China Resources Land are among those that have been asked to purc…
Isabelle Lee
2 mins read
China's central bank says it will protect consumers as another payment deadline looms for Evergrande
The central bank did not explicitly mention Evergrande, though it was seen as among the most pointe…
Isabelle Lee
2 mins read
Evergrande aims to raise $5 billion by selling a half-stake in its property services unit as another interest payment looms, report says
Trading in Hopson was also temporarily suspended in Hong Kong on an impending announcement about a …
Shalini Nagarajan
1 min read
The Evergrande crisis is spreading. Here are other Chinese property developers that are in default or wobbling.
China's property sector is central to its economy.Getty Images
Harry Robertson
2 mins read
Evergrande's last-gasp interest payment gives Chinese developer stocks and Asia bonds a lift
Hong Kong's Hang Seng mainland property index rose 3.3% in its biggest weekly gain in a month, whil…
Shalini Nagarajan
2 mins read
US stock futures lag as relief over Evergrande bond payment fails to outweigh downbeat tech earnings
Evergrande avoided a weekend payment default, but Snap's stock plunged premarket after it said Appl…
Shalini Nagarajan
3 mins read
China's bond market slides as Evergrande's 3rd missed payment hammers the property sector, while smaller rivals scramble to avoid default
The worsening situation highlights the impact of Evergrande, which holds a crushing $305 billion in…
Shalini Nagarajan
2 mins read
A bank advising Evergrande's lenders says the embattled property developer is expected to default, report says
A bank director advising Evergrande bondholders said a default is likely to come soon, Reuters repo…
Harry Robertson
2 mins read
China's Evergrande slides almost 6% after booking a $1 billion loss on the sale of its stake in streaming service HengTen
The indebted Chinese property development giant, which has $300 billion in liabilities, will get $2…
Huileng Tan,Karen Friar
3 mins read
Global stocks fall after Evergrande's Hong Kong trading halt rattles nerves, while oil wavers ahead of OPEC+ meeting
Investor fears over ever-higher inflation, the energy crisis, and tighter central bank policy are a…