Troubled Chinese developer makes delayed bond payment

It was the second time the developer, which owes 2 trillion yuan, paid bondholders one day before it would be declared in default.

published on : 29th October 2021

Report: Struggling Chinese developer makes bond payment

Evergrande Group's struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.

published on : 22nd October 2021

Global shares decline after Evergrande sale deal called off

Stocks have been choppy for weeks as rising inflation and lackluster economic data raised concerns about the path ahead for economic recovery.

published on : 21st October 2021

Chinese realty bubble burst looming as stress spreads beyond Evergrande

Experts are keeping a close tab on a dozen real estate firms, which are up for debt repayment by the end of this year.

published on : 7th October 2021

Chinese developer misses payment, adding to industry strain

Some Chinese developers are struggling to repay debt after regulators tightened limits last year on their use of borrowed money.

published on : 5th October 2021

Why the Chinese are destroying their wealth creators

Chinese officials are telling newspersons that 'they are getting ready for a possible storm', and it points in the opposite direction.

published on : 26th September 2021

Evergrande's debts issues, a wake-up call for China's economy

Evergrande is set to default on at least one tranche of bond interest payments totalling around USD 120 million, due at the end of September.

published on : 23rd September 2021

Chinese builder in debt jam says it will make bond payment

Economists say banks and bondholders are likely to lose money if Evergrande restructures its $310 billion debt but Beijing has the resources to prevent a Chinese credit crunch.

published on : 22nd September 2021

Evergrande situation can lead to rupee coming under pressure: Report

The lesser than expected correction in Chinese shares is a short term breather for the markets, the report by a team led by Abheek Barua said, adding they continue to remain cautious.

published on : 22nd September 2021

Evergrande: Is it a Lehman moment for China that could hit global markets?

Evergrande, whose liability exceeds over $300 billion, is struggling to pay $83.5 million in interest relating to its March-2022 bond on Thursday.

published on : 22nd September 2021

EXPLAINER: Chinese builder Evergrande Group's debt struggle rattles investors

Economists expect Beijing to intervene if Evergrande and lenders can't agree on how to handle its debts.

published on : 21st September 2021

Chinese property developer's debt struggle rattles investors

One of China's biggest real estate developers Evergrande Group appears likely to be unable to repay all of the USD 89 billion it owes banks and other bondholders, financial rating agencies say.

published on : 15th September 2021