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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  Â
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  Â
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  Â
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  Â
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  Â
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. Â Â
What the collapse of a company owing $300 billion means for the world
Evergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $…
Huileng Tan  Â
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  Â
US stocks edge up ahead of action-packed week for earnings and the economy
So far, 25% of S&P 500 companies have reported Q4 earnings results, with 71% of those companies bea…
Matthew Fox  Â
Ratings agency Fitch says it considers China's Evergrande to be in default, and cuts its creditworthiness even further into 'junk' territory
Fitch's rating downgrade highlights Evergrande's inability to make a crucial interest payment this …
Shalini Nagarajan  Â
Evergrande owes its creditors over $500 million that is due by the end of the year. Here's a breakdown of the payments it needs to make.
If Evergrande fails to meet its obligations, it could become the second-biggest emerging market cor…
Shalini Nagarajan  Â
Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says
Evergrande was in talks to sell 51% of its property services unit to Hopson Development Holdings fo…
Isabelle Lee  Â
China says Evergrande risks are 'controllable' in first comments since debt crisis
Chinese officials, including state-controlled media, have kept silent throughout the Evergrande's f…
Isabelle Lee  Â
US stock slip as traders closely watch Evergrande drama and debt ceiling talks
"Investors should brace for more stock market volatility," Jay Pestrichelli of Zega Financial said,…
Isabelle Lee  Â
Beijing flinches from Evergrande bailout, nudges government-owned firms to snap up assets, report says
Vanke, China Jinmao Holdings, and China Resources Land are among those that have been asked to purc…
Isabelle Lee  Â
China's central bank says it will protect consumers as another payment deadline looms for Evergrande
The central bank did not explicitly mention Evergrande, though it was seen as among the most pointe…
Isabelle Lee  Â
US stock futures lag as relief over Evergrande bond payment fails to outweigh downbeat tech earnings
Evergrande avoided a weekend payment default, but Snap's stock plunged premarket after it said Appl…
Shalini Nagarajan  Â
Evergrande aims to raise $5 billion by selling a half-stake in its property services unit as another interest payment looms, report says
Trading in Hopson was also temporarily suspended in Hong Kong on an impending announcement about a …
Shalini Nagarajan  Â
China's bond market slides as Evergrande's 3rd missed payment hammers the property sector, while smaller rivals scramble to avoid default
The worsening situation highlights the impact of Evergrande, which holds a crushing $305 billion in…
Shalini Nagarajan  Â
A bank advising Evergrande's lenders says the embattled property developer is expected to default, report says
A bank director advising Evergrande bondholders said a default is likely to come soon, Reuters repo…