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.
1970-01-01 08:00
UK Economy Stronger Than Expected After Coronation Holiday
The UK economy grew more strongly than expected in the second quarter after activity roared back in June
1970-01-01 08:00
UBS Ends $10 Billion State Backstop That Helped Seal Merger
UBS Group AG decided to end an agreement with the Swiss government to cover losses it could incur
1970-01-01 08:00
Hong Kong Foreclosures Surge Most in Five Years, Centaline Says
Hong Kong July foreclosures surged the most in more than five years, as higher rates pinched homeowners’ ability
1970-01-01 08:00
UBS terminates loss protection agreement with Swiss government
ZURICH UBS will not need to tap the Swiss government's 9 billion Swiss franc ($10.27 billion) backstop agreed
1970-01-01 08:00
South African Expats Are Flocking to This Tiny Island in the Middle of the Irish Sea
Douglas, the tiny capital of the Isle of Man, might seem an unlikely destination for South African expats.
1970-01-01 08:00
Britain’s Gen Z Workers Seek Lower Stress Jobs Over the Hustle
Gen Z workers in the UK are increasingly searching for less stressful jobs that still pay a reasonable
1970-01-01 08:00
FinnCap and Cenkos Names Set to Disappear From City of London
London brokers FinnCap Group Plc and Cenkos Securities Plc are planning to ditch their names when they complete
1970-01-01 08:00
Maui Death Toll Climbs to 53 with Wildfire 80% Contained
The death toll in the fast-moving fire that leveled historic Lahaina on the West Maui coast rose to
1970-01-01 08:00
China to Shift $139 Billion of Troubled LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
1970-01-01 08:00
Country Garden’s Losses Fan Worst Fears on China Property Market
Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese
1970-01-01 08:00
Mississippi Supreme Court will not dismiss former NFL quarterback Brett Favre from welfare scheme civil lawsuit
The Mississippi Supreme Court said it will not dismiss former NFL quarterback Brett Favre from a civil lawsuit filed by the state seeking to recoup millions of dollars distributed as part of what the state calls a statewide welfare fraud scheme.
1970-01-01 08:00