Evergrande's bankruptcy may be just the beginning of China's real estate crisis
Evergrande's US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China's spectacular growth over the past 30 years.
2023-08-19 02:26
Bitcoin price on the skids as investors pull $1 billion from crypto
The price of bitcoin has dropped nearly 9% since early Thursday as part of a broader sell-off of risky assets. A report that Elon Musk's Space X had dumped the cryptocurrency stoked investors' fears.
2023-08-18 21:56
Farfetch shares plunge as weak demand in US, China slams 2023 outlook
Shares of Farfetch slumped more than 40% premarket on Friday, as choppy demand in the online luxury goods
2023-08-18 21:50
Country Garden to Be Cut From Hong Kong’s Hang Seng Index
Country Garden Holdings Co. will be removed from Hong Kong’s benchmark Hang Seng Index, while Sinopharm Group Co.
2023-08-18 20:56
Top US Firms From Apple to Intel Decry India PC Import Curbs
A broad coalition of America’s largest businesses from Apple Inc. to Intel Corp. protested the abrupt way in
2023-08-18 17:50
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of
2023-08-18 12:27
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
By Jonathan Stempel, Dietrich Knauth and Manya Saini NEW YORK (Reuters) -China Evergrande, which is the world's most heavily indebted
2023-08-18 06:25
Bitcoin falls 7.2% to $26,634
Bitcoin dropped 7.2% to $26,634 at 21:45 GMT on Thursday, losing $2,067 from its previous close. Bitcoin, the
2023-08-18 06:18
China's Evergrande files for bankruptcy
China's Evergrande Group filed for bankruptcy in New York on Thursday.
2023-08-18 05:29
Trucking firm Estes Express submits $1.3 billion bid for Yellow's shipment centers
NEW YORK Trucking firm Estes Express has submitted a $1.3 billion bid to acquire bankrupt Yellow Corp's shipment
2023-08-18 01:17
Bankruptcies in the EU highest since 2015, Eurostat says
Bankruptcy declarations in the European Union reached the highest level since 2015 in the second quarter of this
2023-08-17 18:48
China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:29