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PROPERTY SECTOR CRISIS
China factory output falls second straight monthThe manufacturing purchasing managers' index (PMI) stood at 49.8 in August, according to the National Bureau of Statistics, remaining below...- Global Market: China, Hong Kong stocks slip as weak economic data and property overhaul weighChinese and Hong Kong stocks declined as weak economic data highlighted a fragile recovery, while new measures to reform China’s housing pr...
- Global Market: Chinese property stocks slide as new rules raise consolidation fearsChinese property stocks came under pressure after Beijing introduced new rules aimed at reducing developers’ reliance on homebuyer funds an...
- From Nike to Starbucks, some American brands are losing aura in ChinaGlobal companies once relied on China for consistent growth and expansion. Economic challenges and strong local competitors now impact fore...
- "The scale of damage is so high, it's like a parlay, we cannot imagine": Former National Reconstruction Authority CEO on Nepal floodsNepal grapples with a severe humanitarian crisis after devastating flash floods hit its northern districts. India has swiftly responded by ...
- Global Market: Bank of Korea hikes rates again to 3% as growth, inflation stay firmSouth Korea’s central bank raised its benchmark interest rate by 25 basis points to 3% for a second straight meeting, citing stronger-than-...
- China Evergrande fiasco: Court stops PwC International's attempt to distance itself from its local arm's doingsPricewaterhouseCoopers International's attempt to exit the multibillion-dollar Evergrande lawsuit has been dismissed by a Hong Kong court. ...
- Global Market: China’s property crisis deepens as Evergrande founder gets life sentenceChina’s property crisis deepened despite Evergrande founder Hui Ka Yan receiving a life sentence. Falling home prices, unfinished projects,...
- China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga endsChina Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and...
- Who is Hui Ka Yan? China Evergrande founder sentenced to life in prison for orchestrating massive financial fraudWho is Hui Ka Yan? Hui Ka Yan, the founder of China Evergrande, has been sentenced to life imprisonment for a range of financial offenses, ...
- Evergrande’s rise and fall: A timeline of China’s property crisisEvergrande founder Xu Jiayin received a life sentence and massive fines, marking a dramatic turn. The developer's collapse highlights ongoi...
- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 23%Market breadth (always a better indicator of the underlying sentiment) has remained positive for a few trading sessions in a row. This is w...
- Luxury hotel chains bet big on India's wellness boomIndian luxury hotel chains are investing heavily in wellness tourism. The Oberoi Group plans twenty new lifestyle resorts across India and ...
- Europe heatwave: The thermometer is flashing red for the continent's economyEurope's heatwave is becoming a growing economic threat as extreme temperatures disrupt transport, reduce labour productivity, damage agric...
- China's oil imports have plunged during the Iran war. How much will they recover?China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts ar...
- Housing finance stocks: Is the worst of perception over? Time for a relook? 11 HFC stocks with upside potential from a low 6% to 30%As a sector, housing finance has borne the brunt of regulatory changes and various scams at different points of time. It is a sector that h...
- Real estate firms ramp up legal hiring as deals grow more complexIn an evolving landscape, Indian real estate developers are strategically bolstering their legal departments. This growth represents a pivo...
- China's booming gig economy masks job market pain, strains welfare systemHis story is increasingly common in China, where tens of millions are shifting from formal employment into the gig economy as meagre unempl...
- Drone strike on family home leaves three girls dead in South WaziristanA drone strike in Lower South Waziristan's Birmal tehsil tragically killed three young girls and injured four other family members. The att...
- Catch 'em before they fall: India's new climate safety netIndian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and go...
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