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3 mins read

There may be little to recover in the $300 billion Evergrande debt saga

Liquidators will take control of the company's assets and prepare to sell them in order to repay th…

Huileng Tan,Nidhi Pandurangi   


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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   


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2 mins read

The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor

The two luxury mansions in Hong Kong's prestigious The Peak neighborhood were pledged for an HK$821…

Huileng Tan   


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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   


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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   


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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   


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China's property stocks fall by the most in nine months as Evergrande says it's unable to issue new debt

China's property stocks have tanked by the most in nine months as the embattled industry struggles …

Joseph Wilkins   


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China Evergrande has had a wild ride on the stock market in the 3 weeks since trading was resumed

The Chinese property developer's shares tanked 25% early on Monday following news that some of its …

Huileng Tan   


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Tesla slips on Evergrande contagion and report of US vehicle regulator concerns over self-driving tech

Warnings from China's Li Auto about lower third quarter deliveries also pressured shares of EV make…

Carla Mozée   


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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   


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Altcoins surge as Evergrande crisis cools off, with avalanche, cosmos and polkadot leading the charge

The smaller cryptocurrencies rallied sharply on Thursday, enjoying a swell of risk appetite after s…

Camomile Shumba   


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Huileng Tan   


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Global shares falter as investors fret over inflation and earnings, while Evergrande's missed bond payment roils Asia markets

The Chinese property giant missed a third bond payment, as surging natural gas and coal prices adde…

Amanda Cooper   


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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   


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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   


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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   


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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   


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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…

Shalini Nagarajan