U.S. & European stock futures rise, oil bounces
U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
KKR, Global Infrastructure Partners to take CyrusOne private for $11.5 bln
KKR & Co Inc (KKR.N) and Global Infrastructure Partners (GIP) will take U.S. data center operator CyrusOne Inc (CONE.O) private for $11.49 billion in cash, the latest deal in a sector that has boomed during the COVID-19 pandemic.
Analysis: China’s property woes put prestige global projects in play
China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash.
EXCLUSIVE China developers propose offshore debt maturity extension, restructuring to regulators – sources
Some Chinese property developers have voiced their intention to the regulators to extend their offshore bond maturities or undertake a debt restructuring, two sources with knowledge of the matter said, as a growing number of defaults hits the sector.
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
Another Chinese property developer defaults, shares drop
Modern Land (1107.HK) reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group (3333.HK) and dragging on shares in the sector.
Explainer: Is China finally ready to roll out a property tax?
China’s long-mooted – and long-resisted – property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to the country’s real estate policies in a generation.
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 […]
China’s cooling measures have slowed the growth of new home prices and property investment!
China has taken various initiatives to cool its real estate market, with new home prices rising at their slowest pace in eight months in August. After the government reduced property curbs this year to cover banks’ lending to the sector in order to limit purchases, new home prices increased at the slowest monthly rate since […]
Analysis: China’s house of cards: Evergrande threatens wider real estate market
China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country’s top-selling property developer.
