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EXPLAINED: 5 | Rare Historical Photos

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

The Guardian - UK

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.

Fortune

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

The Guardian - UK

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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.

Kiplinger

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

The Guardian - UK

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.

Fortune

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.

Al Jazeera

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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 Guardian - AU

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

The Independent UK

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

China hailed a property developer with $64 billion in revenue as a role model. Now the country’s property crisis threatens to send it into default too

Country Garden was meant to be a survivor of China’s property crisis, but a missed interest payment shows that it’s also tight on cash.

Fortune

Will China’s Property Crisis Worsen?

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Barchart

NEVS Emily GT To Be Produced At A Former Saab Plant

The NEVS Emily GT is set to begin production in Saab's former Trollhättan plant.

InsideEVs

China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors

China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year

The Independent UK

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Fortune

Evergrande lost more money in 2021, 2022 than Microsoft’s entire profit last year

Evergrande revealed that it lost a combined $81 billion in 2021 and 2022 during China's massive property bust.

InsideEVs

Secretive NEVS Emily GT Revealed As Saab-Inspired Stillborn Electric Sports Sedan

With a luxurious-looking interior and a 0-62 miles per hour sprint in just 4.6 seconds, the prototype would make for a great Tesla Model S rival.

Bangkok Post

Evergrande debt plan put to the test

HONG KONG: Embattled property developer China Evergrande Group expected a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support.

The Independent UK

Heavily indebted Chinese developer proposes restructuring

China Evergrande, a real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets has announced a long-awaited plan to restructure what it owes to foreign bondholders

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The Independent UK

Officials: China real estate recovering from debt crackdown

A Chinese central bank official says the country's vast real estate industry is recovering from a slump triggered by tighter debt controls

Caixin Global

Developer Evergrande Vows to Fix Internal Controls in Wake of $2 Billion Deposit Debacle

An investigation reveals that the money was pledged as collateral for loans taken out by third-party firms

Caixin Global

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

Fortune

This Chinese billionaire has lost $39 billion from his personal fortune

The real estate mogul has also been removed from high profile political networks.

Bangkok Post

China Evergrande winding-up lawsuit again adjourned

HONG KONG: China Evergrande Group, the world’s most indebted developer, said it expects to receive restructuring support from offshore creditors by as early as February, helping its plea to adjourn a winding-up hearing again.

Evening Standard

London mega-mansion last sold for £210m back on market as falling pound sparks overseas interest

Overlooking Hyde Park, the mega-mansion includes 20 bedrooms, many with double bathrooms, and an Olympic-sized swimming pool

The Guardian - UK

Yours for £200m? UK’s most expensive house goes up for sale, again

Seven-storey Knightsbridge property overlooking Hyde Park has more living space than American football pitch

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China Evergrande Group

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