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3 mins read
Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
Embattled Chinese real-estate giant Evergrande has been ordered by a Hong Kong to liquidate followi…
Huileng Tan
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
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
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
Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes
Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chair…
Huileng Tan
2 mins read
US stocks fall as investors digest news of Evergrande's missed payment deadline
The debt crunch of the beleaguered Chinese firm has roiled global markets in the past week and has …
Isabelle Lee
2 mins read
Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector
Evergrande is valued at 5.3 billion Hong Kong dollars now — way down from 2017 when it was wo…
Huileng Tan
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
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
2 mins read
China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection
Evergrande's filing came amid fears of widening economic woes in China as the country's real-estate…
Huileng Tan
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
US futures get a lift from robust earnings, despite inflation and Evergrande fears
A strong earnings season so far has offset stock market investors' fears about inflation, central b…
Harry Robertson
2 mins read
Markets are awaiting the next major test of Evergrande after default fears triggered a sell-off. Here's what investors are focused on as key debt payment looms.
All eyes are on Evergrande's ability to pay $83 million in interest on its US-dollar denominated bo…
Matthew Fox
2 mins read
Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as t…
Joseph Wilkins
2 mins read
US futures inch higher ahead of Fed meeting after Evergrande payment plan soothes some investor nerves
Stock market investors were keeping one eye on Evergrande and one eye on the Federal Reserve, which…
Harry Robertson
1 min read
Evergrande paid another bond interest just in time again, averting a default after Chinese authorities pile on pressure
Bondholders say they have received payments, according to reports. Evergrande has $45.2 million in …
Huileng Tan
1 min read
Evergrande has reportedly paid off $83.5 million worth of interest in dollar bonds ahead of deadline to avoid default
Debt-laden real estate developer Evergrande has transferred funds to pay $83.5 million bond interes…
Huileng Tan
2 mins read
China's troubled property giant Country Garden has reportedly defaulted on a bond payment
The world's second largest economy is dealing with a real estate slump that has crippled massive de…
Phil Rosen
1 min read
China's Country Garden reportedly misses final deadline for a $15.4 million bond payment
Once China's preeminent property developer, it's stumbled through missed payments and default risks…
Phil Rosen
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 …