[ad_1] HONG KONG: As China Evergrande Group seems to be set to overlook its third spherical of bond funds in three weeks, markets stay on edge over contagion fears involving different property builders as a wall of debt cost obligations come due within the near-term. A complete of $38.8 billion offshore bonds issued by 40 … Read more
[ad_1] The disaster at property big China Evergrande Group poses a $305 billion conundrum for President Xi Jinping: tips on how to impose monetary self-discipline with out fuelling social unrest. With one yr earlier than the Chinese president is poised to safe an unprecedented third five-year time period, the stakes are excessive throughout what’s proving … Read more
[ad_1] HONG KONG/SINGAPORE: China Evergrande Group will make it a prime precedence to assist retail buyers redeem their funding merchandise bought by the indebted property large, its chairman mentioned, as uncertainty looms over curiosity cost due for a greenback bond on Thursday. Hui Ka Yan’s assertion got here after the developer mentioned on Wednesday it … Read more
[ad_1] By Shen Hong, Enda Curran and Sofia Horta e Costa Protests intensify at China Evergrande Group places of work throughout the nation because the developer falls additional behind on guarantees to greater than 70,000 buyers. Development of unfinished properties with sufficient flooring house to cowl three-fourths of Manhattan grinds to a halt, leaving greater … Read more