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COUNTRY GARDEN HOLDINGS
On This Day in History, June 10: Salem witch hangings, Italy enters World War II, the Six-Day War ends, Benjamin Franklin's kite experiment, the Lidice massacre and other major eventsOn This Day in History, June 10, several pivotal events shaped the course of world history. The date is remembered for Benjamin Franklin's ...- Hotel giants bet India’s local travel boom can defy slowdownMajor hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite...
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- African proverb of the day: “The poorest person in the world is not the one without money but the one without vision” — Lessons on human nature, personal growth, motivation and why vision matters for successAfrican proverb of the day highlights a timeless truth about life and success, emphasizing that true poverty is not the absence of money bu...
- SRH wary of KKR spin twins Narine-Varun despite poor start, expects key 'battle'Sunrisers Hyderabad coach Daniel Vettori respects Kolkata Knight Riders' spinners Sunil Narine and Varun Chakravarthy. He believes the batt...
- China's finance, realty workforce shrinks first time in over five yearsThe declines defied a trend that has seen the tertiary, or services, sector add jobs over the years. Financial firms have been hit by a wid...
- China property developer Country Garden removes PwC as auditorCountry Garden Holdings has announced the resignation of PricewaterhouseCoopers (PwC) as its auditor, following the property developer's re...
- Chinese developer Country Garden defaults on dollar bondChinese developer Country Garden Holdings Co. has been declared in default on a dollar bond for the first time, signaling its descent into ...
- China's Country Garden offshore debt default loomsThe repayments had not been made by early Wednesday, Reuters reported. The company last week warned of its inability to meet offshore debt ...
- Country Garden's entire offshore debt to be in default if Tuesday payment not madeNon-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts.
- Chinese property giants hit hard with nearly USD 3 billion in forex lossesChina's leading real estate firms have reported nearly $3 billion in foreign exchange losses for the first half of the year, mainly due to ...
- Moody's cuts China property sector's outlook to negativeMoody's said it expected contracted sales to fall by about 5% over the next six to 12 months in China, and the impact of government measure...
- Country Garden warns of a possible defaultCountry Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations...
- China's troubled $137 billion shadow bank plans debt restructuring, taps KPMGZhongzhi Enterprise Group Co. hired KPMG in late July to review its balance sheet amid a worsening liquidity crunch, said the people, askin...
- China's richest woman's fortune surged by $2 billion in 4 daysThe 36-year-old Yang is China’s richest woman and the nation’s youngest billionaire.
- Insurgency-hit Tripura tea industry back on feetAll 58 tea gardens in the state now operate at the optimum level producing one crore kg of tea per year, Tea Association of India secretary...
- Indian-origin Pudur in top 10 under-40 rich list: Wealth-XMalaysia-based Pudur is ranked at 10th position on the list with a personal fortune of USD 4 billion.
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