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SHANGHAI: Like the demise of Enron Corp. and the collapse of Lehman Brothers, the debacle at China Evergrande Group was inevitable to some only in retrospect.
NEW YORK/MILAN: Global equity markets rallied on Tuesday as U.S. and European tech stocks rebounded and the dollar strengthened ahead of U.S. payrolls data on Friday that could reveal the Federal Reserve's next move on tapering its support to the economy.
HONG KONG: China Evergrande Group has already fallen behind on payments to banks, suppliers and holders of onshore investment products, and hasn’t given any indication that it paid two recent dollar bond coupons.
THE global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong.
HONG KONG: Hong Kong’s central bank asked lenders to report their exposure to debt-laden China Evergrande Group on concerns over potential systemic risks to the region’s financial system, according to people familiar with the matter.
BEIJING/HONG KONG (Reuters) - China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system, the clearest sign yet the authorities could move to contain contagion risks from ailing developer China Evergrande.
China Evergrande: from ‘controlled demolition’ to near-certain default and state takeover, money managers outline views on unfolding debt crisis
Evergrande has slumped 82 per cent this year, wiping out almost US$20 billion of value, while its offshore bonds tanked to distressed levelsGlobal fund managers see a range of outcomes amid official silence, with most citing the need to prevent social disorder from angry customers
BEIJING (The Straits Times/Asia News Network): The world’s most indebted developer Evergrande Group said it will prioritise its home buyers and retail investors as it faces payment on some of its offshore bonds on Thursday (Sept 23).