カテゴリー: Real estate
Embattled Chinese property giant allays some market concerns despite lack of guidance over $83.5m due on a separate offshore debtChinese property developer Evergrande has said it would pay some of the bond interest due on Thursday, allaying fears of an…
If Chinese property company Evergrande sinks under its $300bn debt its failure would resound across the global economyEvergrande Real Estate – or Heng Da Group in Chinese – owns more than 1,300 building projects in more than 280 cities across China. C…
Hong Kong stock fell up to 19% amid default fears that are beginning to have a knock-on effect on other marketsShares in the embattled Chinese property company Evergrande have plunged again as investors weigh up whether the group’s massive debt problem…
President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sectorThe crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Ji…
Disgruntled investors voice anger at headquarters as company appoints advisers and says firesale of assets won’t cover debtsProperty giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massiv…
Bank also reaffirms greater shift towards Asia-Pacific, where most of its earnings come fromHSBC is to reduce its office space around the world by nearly 40% as part of sweeping cost cutting designed to capitalise on new part-office-part-homeworking ar…
National Crime Agency investigating how ex-president’s grandson bought London mansionBritain’s National Crime Agency (NCA) has asked a grandson of the former president of Kazakhstan to explain where he got the money from to buy a multimillion-pound man…