Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7
Hong Kong’s High Court approved on Monday an application by China Evergrande Group (3333.HK) and its major offshore credit group to adjourn a winding-up petition against it to Nov. 7.
China Evergrande moves headquarters from Shenzhen to Guangzhou -report
Cash-strapped property firm China Evergrande Group (3333.HK) has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media outlet The Paper reported on Monday, citing people familiar with the matter.
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered (STAN.L) forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.
The real estate market appears to be shaky as a result of China’s Evergrande crisis!
The Evergrande Real Estate Group is regarded as one of China’s largest property developers. On the Fortune Global 500, it was ranked 122nd. According to reports, the company is planning to sell a significant portion of one of its businesses. This deal appears to be worth more than $5 billion. However, if the deal goes […]
Evergrande crisis inspires shrewd bottom-feeding
HONG KONG, Oct 7 (Reuters Breakingviews) – What to say to a friend whose troubles give you an opportunity? Evergrande’s (3333.HK) shares are suspended while a rival eye taking a $5 billion majority stake in the ailing developer’s property management unit, Chinese media reported. read more Now tycoon Joseph Lau has launched a $250 million buyout bid for the […]
Bitcoin tries to recover as the Evergrande-led selloff subsides!
On Tuesday, cryptocurrency prices recovered from one-and-a-half-month lows as a massive selloff overnight triggered by fears of a potential loan default by property developer China Evergrande (3333. HK) eased slightly, but investors braced for more volatility. A cryptocurrency, crypto-currency, or crypto is binary data intended to act as a medium of exchange, with individual coin […]
Credit markets will withstand Evergrande shocks
LONDON, Sept 23 (Reuters Breakingviews) – Is China Evergrande (3333. HK) another Lehman Brothers moment? Not at all, according to the $40 trillion global corporate debt market. International credit investors have good reasons to be so nonchalant about the potential ripple effects of problems at the Chinese property behemoth with a $300 billion debt pile. Granted, Evergrande’s […]
StanChart says Evergrande crisis doesn’t dent enthusiasm for China
By Lawrence White LONDON, Sept 23 (Reuters) – The crisis at indebted developer China Evergrande Group (3333. HK) will not curb Standard Chartered’s (STAN.L) appetite for investing in the country, its Chief Financial officer Andy Halford told a banking conference on Thursday. Asia, Middle East, and Africa-focused lender have no direct exposure to Evergrande and “negligible” indirect exposure, he told […]
Gold rises as Havens rally in response to growing Evergrande fears!
Fears of a spillover from the debt woes of Asian property developer China Evergrande Group fueled demand for safe havens assets, eclipsing concerns that the Federal Reserve’s stimulus program would be reduced soon. Investor concerns about China’s real estate sector and the Fed’s tapering increased, sending US stocks down more than 2%. “Gold is actually […]
Marketmind: Watch those spiralling gas prices
A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own rate rises remain distant. Others such as Switzerland and Japan are likely to stay resolutely dovish.
