China's Country Garden suspends trading of onshore bonds amid talk of debt restructuring
Country Garden, one of China's top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it struggles to raise enough cash in time to avoid default.
2023-08-14 15:57
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 10:15
Maui wildfires cause more than $1.3 billion in residential property damage, according to a preliminary estimate
The devastating Maui firestorm, which killed dozens of people and displaced thousands more, cost $1.3 billion in damage to 3,088 residences, a preliminary report found Thursday.
2023-08-12 07:24
Exclusive-Biden taps Jackson for economic adviser, signals focus on education
By Trevor Hunnicutt WASHINGTON U.S. President Joe Biden is tapping C. Kirabo Jackson, a labor economist whose research
2023-08-12 00:28
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
The Biden administration will announce on Friday its first major investment to kickstart the US carbon removal industry -- something energy experts say is key to getting the country's planet-warming emissions under control.
2023-08-11 17:22
Chinese property giant Country Garden flags loss of up to $7.6 billion as it nears default
One of China's biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country's embattled real estate sector.
2023-08-11 14:15
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 11:24
Biden calls China a 'ticking time bomb' due to economic troubles
By Nandita Bose SALT LAKE CITY U.S. President Joe Biden on Thursday called China a "ticking time bomb"
2023-08-11 06:56
Uganda president defiant after World Bank suspends funding over LGBT law
By Elias Biryabarema KAMPALA (Reuters) -Uganda's President Yoweri Museveni on Thursday denounced the World Bank's decision to suspend new funding
2023-08-10 19:24
Where people have to choose between food or home insurance
Extreme weather and climate change are driving up home insurance costs, forcing some into desperation.
2023-08-10 07:52
Rajasthan: India's gig workers see hope in new state law
Rajasthan state recently passed a law that aims to give social security benefits to gig workers.
2023-08-10 07:46
She lost more money than anyone on Bloomberg's billionaires list since Covid. China's property crisis is to blame
Yang Huiyan, the chair of real-estate giant Country Garden and one of China's richest women, has lost more wealth than any billionaire in the world in the past two years, Bloomberg reported Wednesday, as her building conglomerate sits on the edge of default.
2023-08-10 06:55