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2 mins read
China's Evergrande accused of inflating revenues by $78 billion
Chinese regulators have accused Evergrande and its founder of inflating revenues by USD 78 billion,…
ANI
3 mins read
There may be little to recover in the $300 billion Evergrande debt saga
Liquidators will take control of the company's assets and prepare to sell them in order to repay th…
Huileng Tan,Nidhi Pandurangi
1 min read
Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes
Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chair…
Huileng Tan
2 mins read
Investors warn Evergrande could face an 'uncontrolled collapse' that would be a disaster for China's property sector
The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the m…
Phil Rosen
2 mins read
The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of lev…
Aruni Soni
2 mins read
Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector
Evergrande is valued at 5.3 billion Hong Kong dollars now — way down from 2017 when it was wo…
Huileng Tan
1 min read
China's property stocks fall by the most in nine months as Evergrande says it's unable to issue new debt
China's property stocks have tanked by the most in nine months as the embattled industry struggles …
Joseph Wilkins
2 mins read
China Evergrande has had a wild ride on the stock market in the 3 weeks since trading was resumed
The Chinese property developer's shares tanked 25% early on Monday following news that some of its …
Huileng Tan
2 mins read
Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
Fraud allegations deepen crisis for Chinese real estate giant Evergrande, which is already in liqui…
Huileng Tan
2 mins read
China Evergrande soars 70% to lead Chinese property names higher after another developer dodges default
Country Garden Holdings and Logan Group also made sharp gains, following the former's $22.5 million…
Phil Rosen
2 mins read
China rolls out fresh property relief measures to stem the fallout from Evergrande's meltdown
Policymakers are trying to boost support for China's real estate market. Evergrande this week was o…
Yuheng Zhan
3 mins read
Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
Embattled Chinese real-estate giant Evergrande has been ordered by a Hong Kong to liquidate followi…
Huileng Tan
1 min read
China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses
Once a $50 billion developer, shares of the troubled property giant tumbled in Hong Kong after a 17…
Insider Inc.
2 mins read
Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as t…
Joseph Wilkins
2 mins read
China's Evergrande Group shares plummet over 80%
World's most indebted real state developer, Evergrande Group's shares plummeted 87 per cent on Mond…
ANI
2 mins read
Evergrande's bankruptcy signals beginning of China's real estate crisis: Experts
The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing…
ANI
3 mins read
India’s MSCI Global Index weightage at historic high with new peaks possible in 2024
India’s weightage in the MSCI Global Standard Index has been recalibrated to 18.2% by the index in …
1 min read
The Chinese are piling into gold as stocks falter and the property market crumbles
The rush to the safe haven asset indicates uncertainty around China's financial health as stocks sl…
Aruni Soni
2 mins read
US stocks extend rally to close at fresh records ahead of mega-cap earnings
Apple, Microsoft, Amazon, Alphabet, and Meta Platforms, cumulatively representing about $10 trillio…
Matthew Fox
5 mins read
It's a make-or-break week for the stock market. Here's why.
In today's big story, we're looking at why this is such a big week for the stock market.