Chinese property giant Country Garden flags loss of up to $7.6 billion as it nears default
One of China's biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country's embattled real estate sector.
2023-08-11 14:21
Hong Kong Foreclosures Surge Most in Five Years, Centaline Says
Hong Kong July foreclosures surged the most in more than five years, as higher rates pinched homeowners’ ability
2023-08-11 13:58
China to Shift $139 Billion of Troubled LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
2023-08-11 11:59
Country Garden’s Losses Fan Worst Fears on China Property Market
Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese
2023-08-11 11:49
Country Garden shares hit record low on loss forecast, restructuring fears
By Clare Jim HONG KONG (Reuters) -Shares of China's largest private property developer Country Garden plunged to a record low
2023-08-11 11:25
China property giant Country Garden warns of up to $7.6bn loss
It is the latest signal of the major issues faced by the world's second largest economy.
2023-08-11 10:29
China’s Once-Top Builder Turns Into Penny Stock Amid Debt Woes
Country Garden Holdings Co., formerly China’s largest developer by sales, has become a Hong Kong penny stock amid
2023-08-11 10:18
Citigroup Names Kalra Head of Asia Commercial Bank in Singapore
Citigroup Inc. appointed a veteran of more than 20 years to lead its Asia-Pacific commercial bank operations from
2023-08-11 09:48
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 09:21
Thousands of Tiny Hedge Funds Face Closure in China Shakeup
China’s 6 trillion yuan ($832 billion) hedge fund industry is bracing for a historic shakeup that will likely
2023-08-11 08:25
Biden calls China a 'ticking time bomb' due to economic troubles
By Nandita Bose SALT LAKE CITY U.S. President Joe Biden on Thursday called China a "ticking time bomb"
2023-08-11 06:46
Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World
President Joe Biden expressed concern that China’s economic and demographic problems have turned the world’s second-largest economy into
2023-08-11 06:19