Showing 71 - 80 of 413
Evergrande looks to restructure, sets up risk committee
AFP, Published on 07/12/2021
» BEIJING - Embattled property giant Evergrande is planning what could become China's biggest ever debt restructuring, wrapping in all its offshore obligations, reports said, as it established a risk committee before looming payment deadlines.
Chinese developer misses major bond repayment of $179 million
AFP, Published on 06/12/2021
» BEIJING: Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the debt-laden sector.
Chinese ride-hailing giant Didi to de-list from New York exchange
AFP, Published on 03/12/2021
» BEIJING: Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of de-listing its shares from the New York stock exchange, shortly after US regulators adopted a rule that would allow them to remove foreign firms.
US adopts rule that could see Chinese firms leave Wall Street
AFP, Published on 03/12/2021
» WASHINGTON: US market regulators on Thursday announced the adoption of a rule allowing them to delist foreign companies from Wall Street exchanges if they fail to provide information to auditors, which is aimed primarily at Chinese firms.
Tinder owner to pay founders $441m to settle valuation lawsuit
AFP, Published on 02/12/2021
» NEW YORK: The company that owns Tinder will pay $441 million to the popular dating app's founders to settle a dispute over the valuation of stock options, documents showed Wednesday.
Chinese city eases rules for developers amid cash crunch
AFP, Published on 25/11/2021
» BEIJING - The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties, making it the first to loosen restrictions on the sector that has come under intense pressure following a debt crackdown by Beijing.
India's biggest-ever IPO Paytm slumps on market debut
AFP, Published on 18/11/2021
» MUMBAI - Indian mobile payments giant Paytm lost a quarter of its value on its market debut Thursday, after raising $2.5 billion in the country's biggest ever IPO, as traders questioned whether the loss-making firm would ever turn a profit.
US, Japan launch talks to resolve steel, aluminum tariffs: official
AFP, Published on 13/11/2021
» WASHINGTON: The United States said Friday it had opened talks with Japan aimed at reducing US tariffs on steel and aluminum imports imposed under former president Donald Trump, after Washington reached a deal on the same issue with the European Union.
Elon Musk sells $1.1bn of Tesla shares
AFP, Published on 11/11/2021
» NEW YORK: Tesla CEO Elon Musk sold approximately US$1.1 billion in shares of his electric car company, after indicating over the weekend he would sell 10% of his stock based on the results of a Twitter poll.
Beauty startup IPO mints India's seventh woman billionaire
AFP, Published on 10/11/2021
» MUMBAI - India's only woman-led unicorn Nykaa made its market debut Wednesday, tripling founder Falguni Nayar's net worth and making her the country's newest self-made billionaire in an ongoing IPO boom.