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The Latest Breaking News from Evergrande

Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday

Asian shares were mostly lower Thursday in subdued trading on looming worries about China property woes

The Independent UK

Evergrande halts share trading as woes mount for China property giant

Suspension comes a month after developer resumed trading and follows its chair reportedly being put under police surveillance

The Guardian - AU

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

The Hong Kong stock exchanges says share trading of heavily indebted Chinese property developer China Evergrande Group has been suspended

The Independent UK

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Morrisons boss to step down; UK approval of Rosebank oilfield condemned as ‘environmental vandalism’ – as it happened

Supermarket names Rami Baitiéh as CEO; go-ahead for Equinor to develop largest oilfield in UK waters outrages campaigners

The Guardian - UK

Chair of China’s Evergrande reportedly put under police surveillance

Another missed bond payment raises doubts over future of world’s most indebted property developer

The Guardian - UK

Stock market today: Asian shares mostly lower after Wall Street retreat deepens

Shares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June

The Independent UK

China puts Evergrande’s billionaire founder under police control

BEIJING: Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, has been placed under police control, according to people with knowledge of the matter.

The Times of India

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Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

Hong, now chief economist for a Shanghai-based hedge fund, thinks China would be lucky if the real estate sector halves in size.

Fortune

Teetering China property giants undercut Xi Jinping’s push to end crisis

Fresh drama at property developers including China Evergrande Group is jeopardizing President Xi Jinping’s latest efforts to end the housing crisis.

The Times of India

How many ‘vacant homes’ does China have right now? A former statistics bureau official has an eye-opening prediction

China’s housing oversupply is far worse than previously reported, the country’s former statistics bureau deputy head says.

Fortune

Is China’s Property Debt Crisis Set to Worsen?

A multi-year downturn in China’s property market looks to continue as a raft of rescue measures from Chinese authorities have fallen flat. Disappointing home sales in China’s largest cities suggest that policy support measures have failed to turn around buyer sentiment. There are fears that China’s property debt crisis will...

Barchart

Stock market today:

Shares are mostly lower in Asia, with Tokyo's markets closed for a national holiday

The Independent UK

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

The Independent UK

Country Garden shares jump after Chinese developer strikes debt deal

European stocks hit three-week high as China’s government tries to prop up ailing economy

The Guardian - UK

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The Guardian - AU

Chinese developer Country Garden reports $6.7bn loss amid fears of another Evergrande

Group warns that if its financial performance ‘continues to deteriorate’ it faces possible default after huge half-year losses

The Guardian - UK

Evergrande shares plunge further amid China economy fears

Property developer’s value fell by more than $2bn as stock resumed trading after 17-month suspension

Fortune

Country Garden to be booted from Hong Kong's stock index

Country Garden is reportedly trying to extend the payment period for a bond due in September as it tries to avoid a default.

The Guardian - UK

China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

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Newsroom.co.nz

Red bands in the black but, above the line, Fonterra puts farmers in red ink

Brace for impact as markets tumble on renewed central bank warnings, and Fonterra lowers its farmgate milk price forecast for the second time in a fortnight. Andrew Patterson reports.

Kiplinger

Stock Market Today: Stocks Close Mixed Ahead of Jackson Hole

The major market indexes finished a down week on a quiet note, with investors looking ahead to next week's annual Fed symposium.

The Guardian - UK

China’s property crisis deepens with developer Country Garden at risk of default

Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaulted

Fortune

Evergrande, the world’s most indebted developer, has finally filed for bankruptcy

The troubled Chinese real estate developer filed for Chapter 15 protection as it tries to restructure $32 billion of foreign debt.

Al Jazeera

Debt-ridden China developer Evergrande files for bankruptcy in US

Move will protect property giant’s assets in the United States as it attempts to restructure.

The Guardian - AU

China’s struggling property giant Evergrande files for bankruptcy protection in US

The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal

The Independent UK

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

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