World Markets
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China Evergrande to avoid default after supplying funds for interest payment: reportsNews of the remittance will likely bring relief to investors and regulators worried about a default's wider fallout in global financial markets.MoneyOct 22, 2021
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China Evergrande misses 2nd debt payment in a week, investors fear ‘large losses’The company was due on Wednesday to make a $47.5 million bond interest payment on its 2024 dollar bond, after having missed $83.5 million in coupon payments last Thursday.MoneySep 30, 2021
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Evergrande to sell $1.5B stake in Chinese bank as it scrambles to avoid debt defaultShengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle its debt to the bank.MoneySep 29, 2021
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China Evergrande debt crisis is worrying investors. Why, and what’s happening?Evergrande is China’s second-largest property developer with US$110 billion in sales last year, US$355 billion in assets, and over 1,300 developments nationwide.MoneySep 24, 2021
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China Evergrande investors left in dark after payment deadline passesEvergrande's shares handed back some Thursday gains on Friday and fell 13 per cent, while stock of its electric-vehicle unit dropped 20 per cent to a four-year low.WorldSep 24, 2021
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China Evergrande inches closer to default as interest deadline quietly expiresA Thursday deadline for paying $83.5 million in bond interest passed without remark from Evergrande or any sign of bondholders being paid.MoneySep 24, 2021
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China readies for ‘possible storm’ over lingering Evergrande debt crisis: reportsChina has tasked local governments with preventing unrest and mitigating the ripple effect on home buyers and the broader economy, the Wall Street Journal reports.WorldSep 23, 2021
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China Evergrande debt crisis has small-time investors worrying ‘it’s game over’Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country.WorldSep 23, 2021
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China Evergrande reaches debt deal – but questions remainMany financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market.WorldSep 22, 2021
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World shares extend losses as coronavirus continues to spreadWorld markets started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that are forcing shutdowns of travel and business in many regions.ConsumerMar 30, 2020
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