Showing 1 - 10 of 23
Trump tariffs on timber, furniture take effect
AFP, Published on 14/10/2025
» WASHINGTON - US President Donald Trump's fresh tariffs on imported wood, furniture and kitchen cabinets took effect Tuesday, a development likely to fuel building costs and pile pressure on homebuyers in an already challenging market.
China's Evergrande resumes Hong Kong trading
AFP, Published on 03/10/2023
» HONG KONG - Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation.
Chinese developer Country Garden reports $6.7bn loss
AFP, Published on 31/08/2023
» BEIJING - Embattled Chinese developer Country Garden reported a 48.9 billion yuan (US$6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default.
China cuts rates as economic recovery weaker than expected
AFP, Published on 15/08/2022
» BEIJING: China's central bank slashed key interest rates Monday in a bid to kick-start the country's stuttering economic recovery as data showed factory output and retail sales for July came in weaker than analysts' expectations.
'Hopeless': Chinese homebuyers run out of patience with developers
AFP, Published on 12/08/2022
» BEIJING - Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.
China Evergrande to get $818m for scrapping stadium deal
AFP, Published on 05/08/2022
» BEIJING: Embattled Chinese property giant Evergrande has cancelled a contract to build a football stadium in a southern city in return for 5.52 billion yuan ($818 million), it said in a filing.
China urges banks to support property sector after mortgage boycott
AFP, Published on 18/07/2022
» BEIJING - China's banking regulator has urged lenders to extend more credit to real estate developers, as a growing number of homebuyers withhold mortgage payments on unfinished housing projects across 50 cities.
China growth at two-year low over Covid, property woes
AFP, Published on 15/07/2022
» BEIJING: China logged its slowest economic growth since the initial Covid-19 outbreak, official data showed Friday, expanding just 0.4% in the second quarter with lockdowns and property market weakness nudging a government target further out of reach.
Chinese developer Shimao misses $1bn bond payment
AFP, Published on 04/07/2022
» BEIJING: Chinese developer Shimao Group said it has failed to make payment on a US$1 billion bond that matured Sunday, one of the biggest such defaults so far this year in the country's troubled property sector.
China's retail sales lowest in two years from Covid damage
AFP, Published on 16/05/2022
» BEIJING: China's retail sales slumped to its lowest in two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-Covid policy.