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The Latest Breaking News from Evergrande

A Chinese conglomerate loses control of its elite European soccer team, as Beijing fails to dominate the world's favorite sport

Oaktree took over Italian soccer club Inter Milan last week after owner Suning failed to pay back a $429 million loan.

Fortune

China to cut mortgage rates as part of plan to prop up property market

Local authorities will be allowed to turn unsold homes from developers into affordable housing

The Guardian - UK

Shanghai Composite Index Fell 0.72% on Monday

Shenzhen Component Index closed down 1.57%

Caixin Global

From analysis to the latest developments in health,
read the most diverse news in one place.

Evergrande's Liquidators Withdraw Chapter 15 Applications In US

Evergrande and subsidiaries withdraw Chapter 15 applications in the US amidst mounting debt challenges, raising concerns about global market impact.

Top News

China Investigates Pwc In Evergrande Fraud Case

China investigates PwC's role in Evergrande fraud case, raising concerns over financial stability and global market impact.

Top News

Asian Equities Experience Mixed Performance Amid Central Bank Decisions

Asian equities market experienced mixed movements influenced by central bank decisions, company earnings, and geopolitical developments.

Top News

Evergrande: Chinese firm and founder fined over $78bn fraud claims

Property developer fined $580m and its chairman, Hui Ka Yan, fined $6.5m for allegedly falsifying its revenues

The Guardian - UK

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China Regulator Bans Evergrande Chairman From Securities Market For Life

China's regulatory authority bans Evergrande chairman for life from securities market due to financial troubles, impacting real estate sector and global ma...

Top News

China's Property Sector Meltdown Continues, IMF Forecasts Slower Growth

Despite measures to boost the property sector in China, markets plunged as the IMF predicts further economic slowdown in the coming years.

Top News

China Economic Slowdown To Persist Through 2028: IMF

China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.

International Business Times

China Introduces Property Support Measures Amid Evergrande Worries

Discover China's new property support measures aimed at addressing concerns over Evergrande's impact on the real estate market. Stay informed with our info...

Top News

Asian Markets Swing As Traders Eye Fed, Jobs And Earnings

Asian equities struggled again Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.

International Business Times

Here's what to know about the collapse of China's Evergrande property developer

In 2018, Evergrande was listed as the world's most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.

WEKU

Asian Stocks Mixed After Wall St Record, Eyes On Evergrande Impact

Asian markets were mixed Tuesday as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data.

International Business Times

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The Guardian - AU

Evergrande collapse means foreign investors in China face even greater uncertainty

Thousands of homebuyers who have paid deposits for homes in China could find their nest eggs at risk after liquidation order

The Guardian - UK

First Thing: Biden vows response after US troops killed in drone attack

Iran says it had nothing to do with attack near Syrian border, after US president says Washington will respond ‘at a time and in a manner of our choosing’. Plus, psychologists on the appeal of Donald Trump

Top News

Hong Kong court orders Evergrande Group to liquidate, impacting property sector

The court ruling to liquidate Evergrande, one of China's largest property developers, could have far-reaching implications for China's property sector and ...

WEKU

Hong Kong court orders China's Evergrande, which owes $300 billion, to liquidate

China Evergrande is one of the biggest Chinese developers that have collapsed under pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth.

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The Times of India

Explainer: Why China Evergrande Group, world's most indebted real estate developer, was ordered to liquidate and what happens next

China Evergrande Group, once China's top-selling developer and now world's most indebted real estate company, was ordered by a Hong Kong court to undergo liquidation due to its inability to manage an overwhelming debt load and to reach an agreeable restructuring plan with its creditors.

Top News

Hong Kong court orders Evergrande liquidation, impact on China's property sector

The court ruling to liquidate Evergrande, China's largest property developer, could have far-reaching implications for China's economy and real estate sector.

International Business Times

China's Evergrande: What Happens Next After Liquidation Order?

A Hong Kong court on Monday issued a winding-up order for Chinese real estate giant Evergrande, as the embattled firm teeters on the brink of bankruptcy.

International Business Times

Oil Rises On Fresh Middle East Fears, Equities Advance

Both main crude contracts rose more than one percent in early trade -- hitting levels not seen since November -- before paring the gains slightly.

The Guardian - AU

Evergrande collapse: Hong Kong court orders liquidation of China property giant

Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan

International Business Times

China Evergrande Ordered To Liquidate Amid $300B Debt

A Hong Kong court on Monday has ordered China Evergrande Group to liquidate, leading to shares of the property developer crashing.

International Business Times

Hong Kong Court Orders Liquidation Of China's Evergrande

A Hong Kong court on Monday issued the liquidation of battered Chinese property giant Evergrande after lawyers failed to convince a judge it had a working restructuring plan.

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People

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