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 15:16
Fact check: Biden tells three false personal anecdotes in economic speech
President Joe Biden made three false claims about his own past in a Tuesday speech in Milwaukee.
2023-08-17 07:29
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 19:50
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 16:49
Analysis-China trust deficit: crisis spurs shadow banking policy response calls
By Summer Zhen and Laura Matthews HONG KONG/NEW YORK Chinese fears of a spillover from missed payments on
2023-08-15 21:18
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
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 22:18
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 18:54
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 16:27
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
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 11:26