Explainer-Country Garden: How bad is China's property crisis?
By Clare Jim HONG KONG The debt crisis at Country Garden, China's largest property developer before this year
2023-08-17 15:46
Chinese asset manager eyes restructuring to ease liquidity crunch amid contagion fears
By Jason Xue and Clare Jim SHANGHAI/HONG KONG Faced with a liquidity crisis, Zhongzhi Enterprise Group will conduct
2023-08-17 15:27
China Evergrande to delay creditors' meetings amid fresh restructuring plan
Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG
2023-08-16 19:49
Analysis-Country Garden undone by promise to bring 5-star life to China's hinterland
By Clare Jim HONG KONG China's financially beleaguered property developer Country Garden promised "five-star living" to the masses
2023-08-16 16:59
Country Garden shares slump to record low after onshore bond trading halted
HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company
2023-08-14 10:20
Nevada GOP Senate candidate raised money to help other candidates -- the funds mostly paid down his old campaign's debt instead
Nevada Republican Senate candidate Sam Brown created a political action committee to "help elect Republicans" but most of its funds were spent paying down debt from his failed previous campaign. The group donated less than 7% of its funds to the candidates it was set up to support, according to campaign finance records -- a move one campaign finance expert likened to using the PAC as a "slush fund."
2023-08-12 22:27
Country Garden credit distress likely to spill over to China markets - Moody's
LONDON Credit distress at Chinese private developer Country Garden is likely to spill over to the country's property
2023-08-11 18:57
China to replace $140 billion LGFV debt with local bonds - Bloomberg News
BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the
2023-08-11 16:26
Country Garden shares hit record low on loss forecast, restructuring fears
By Clare Jim HONG KONG (Reuters) -Shares of China's largest private property developer Country Garden plunged to a record low
2023-08-11 11:22
Analysis-Latest China developer debt woes could spur policy aid, but industry downbeat
By Clare Jim HONG KONG News that big developer Country Garden was not able to make $22 million
2023-08-09 19:54
South Korea household borrowing grows further, countermeasures eyed
SEOUL South Korea's household borrowing grew in July for a fourth straight month and by the biggest amount
2023-08-09 11:22
Americans' credit card debt hits a record $1 trillion
Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
2023-08-08 23:18