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MYSTERIOUS: 3 | Mind Blowing Facts

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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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 - AU

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

The Guardian - UK

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 ...

Top News

Evergrande Unit Initiates Legal Action Against Parent in China

Evergrande unit initiates legal action against parent company in China's ongoing property debt crisis, signaling further challenges for Evergrande Group.

Fortune

A Chinese shadow bank is the latest casualty of the country's real estate crisis, declaring bankruptcy with up to $65B in debt

Zhongzhi Enterprise Group is one of China's largest shadow banks, which are financial institutions that operate outside of traditional banking rules.

Evening Standard

£138m price agreed for Mayfair mansion in London's most expensive home sale of 2023

Billionaire Adar Poonawalla is set to buy Aberconway House in the biggest deal of the year

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The Guardian - UK

China’s Evergrande wins more time to restructure debts

Hong Kong court gives property developer until 29 January to formulate deal for creditors

International Business Times

China's Evergrande Liquidation Case Adjourned Until January: HK Court

Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

International Business Times

What We Know About Evergrande's Financial Future

A Hong Kong court on Monday gave Chinese property giant Evergrande until the end of January to put together a restructuring plan, offering the embattled firm much-needed breathing room as it teeters on the brink of bankruptcy.

The Independent UK

Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts

A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than $300 billion in debts

Fortune

China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks

But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate.

Al Jazeera

Crumbling buildings and broken dreams: China’s unfinished homes

Tens of millions of homes lie vacant across China following the country’s credit-fuelled construction boom.

The Independent UK

China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

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