Showing 1 - 10 of 11
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 finance giant’s missed payments alarm regulators, markets
Bloomberg News, Published on 14/08/2023
» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.
'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 property giant Evergrande suspends share trading again
AFP, Published on 21/03/2022
» HONG KONG: Troubled Chinese property developer giant Evergrande and all its units suspended trading in Hong Kong on Monday morning, according to a notice to the stock exchange.
Troubled Evergrande suspends share trading again
AFP, Published on 03/01/2022
» HONG KONG: Embattled Chinese developer giant Evergrande announced on Monday it was once again suspending trading of its shares in Hong Kong ahead of an announcement.
Evergrande fuels concerns over China's housing bubble
AFP, Published on 28/09/2021
» BEIJING - A state crackdown on China's colossal property market has helped send one of its biggest developers to the brink of collapse, and analysts warn the fallout could lead to the bursting of a bubble that has been building for more than two decades.
Americans have more debt, need family help to buy homes: report
AFP, Published on 09/11/2019
» WASHINGTON - Americans are waiting longer to buy their first homes, have more debt and more often need family help to make the purchase amid a supply crunch that is pushing up prices, according to a new data released Friday.
Asian markets cautious after US volatility
AFP, Published on 10/10/2018
» HONG KONG - Asian stocks began Wednesday mixed after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak.
'Lehman Weekend': the biggest bankruptcy in American history
AFP, Published on 14/09/2018
» WASHINGTON - It was "Lehman Weekend." The moment in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s.