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EVERGRANDE LATEST NEWS
Mass layoffs at PwC after exodus of clients in ChinaPricewaterhouseCoopers LLP is reducing staff in China due to declining revenue prospects and client exodus. Over 100 employees across Beiji...- Oil dips 1.1% on faltering Chinese economyThe latest sign of the country's broader economy struggling to regain momentum came days after a court ordered the liquidation of troubled ...
- China stock investors say worst yet to come in property crisisThat’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and main...
- The mystery behind disappearing business tycoons in ChinaChina's business tycoons are increasingly at risk as the government cracks down on powerful magnates who fail to align with the Communist P...
- China Evergrande shares tumble for second day, down 8% after unit misses bond paymentThe news comes after Evergrande said on the weekend that it was unable to issue new debt due to an ongoing investigation into Hengda, sendi...
- Even China's 1.4 bln population can't fill all its vacant homes: Former officialA former Chinese official has criticized the country's property market, stating that even with a population of 1.4 billion, there are still...
- Shares in China's Sunac jump after creditors approve debt restructuring planA debt crisis in China's property sector, which accounts for roughly a quarter of the economy, has sent jitters across global markets and p...
- Is China a spoil sport? 5 metal stocks that can deliver up to 40% returnsChina is one of the biggest consumers of metals. Be it copper, aluminum or steel. The moment the news of Evergrande filing for bankruptcy c...
- China drafts rules to give property developers more access to escrow funds: SourcesRegulatory curbs on borrowing have driven the sector into crisis, highlighted by China Evergrande Group which was once China's top-selling ...
- Asian markets get 2022 off to mixed start in thinned tradeThe new year got off to a mixed start on Monday in holiday-thinned Asian trade, following a healthy run-up at the end of last week, with so...
- China's Evergrande defaults: What happens next?A slowdown in the Chinese real estate sector, which accounts for a significant proportion of the country's economic output, could have ripp...
- Take Five: World market themes for the week aheadTesla shares, whipsawed after co-founder Elon Musk asked Twitter users whether he should sell a 10% stake in the electric car firm, are in ...
- Some investors have not got Evergrande unit's bond interest due Nov 6: ReportTwice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by p...
- Evergrande isn’t China’s only economic worryGetting the economy back on track for the long haul requires making aggressive reforms now.
- A note of caution in a market still sizzling: Peaks may hit returnsThe world-beating rally on Dalal Street of the past 18 months that propelled the Sensex above the 60,000-mark last week may have fewer legs...
- Fears grow for China Evergrande after interest deadline missedA deadline for paying $83.5 million in bond interest passed without remark from Evergrande and bondholders had not been paid nor heard from...
- Wall St ends higher as Fed signals bond-buying taper soonWhile trading was choppy following the Fed's latest policy statement and comments by Fed Chair Jerome Powell, stocks finished close to wher...
- Fed likely to open bond-buying 'taper' door, but hedge on outlookThe Fed is due to release its latest policy statement and economic projections at 2 p.m. EDT (1800 GMT), with Fed Chair Jerome Powell holdi...
- Rakesh Jhunjhunwala's latest stock bet plunges 26%; risk-reward negative, say analystsJhunjhunwala bought 1.39 per cent in the PSU during the April-June quarter. But the stock is on a steady fall after it hit its peak of Rs 1...
- Chinese tycoon to build world's most profitable sports companyIn less than a year, Wanda bought stake in Spanish La Liga champions Atletico Madrid, spending about 11.6 billion yuan (about $1.85 billion...
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