Evergrande Braces for Debt Restructuring
China Evergrande Group had signaled that it is already planning to negotiate a debt restructuring with offshore creditors as it faces another potential default on Monday. Evergrande said in a …
real estate
UK House Prices Rise More than Expected
Price of homes in the U.K. rose more than expected in November due to pandemic-driven demand and shortages in houses for sale, Nationwide Building Society said on Wednesday. Average home …
Evergrande Founder Hui Ka Urged to Use Personal Wealth On Company Debt
Beijing has told the founder of the embattled Evergrande group to use his own money to lessen the company’s massive debt after the company’s crisis brought attention to billions of …
Evergrande Avoids Default, to Focus on EV Industry
Chinese state media reported that Evergrande avoided a high-cost default with a last-minute coupon payment which allowed the company time to gather funds before it makes another settlement by the …
Donald Trump Falls Off Forbes’ 400 Richest People in America
Former President Donald Trump has fallen off the list of Forbes’ 400 richest people in America on Tuesday after 25 years of being included on it. Forbes reported that Trump’s …
‘Pandora Papers’ Reveal Hidden Wealth, Secret Dealings of World Leaders
Some 11.9 million leaked financial documents, dubbed as the “Pandora Papers,” have revealed the secret offshore affairs of 35 current and former world leaders and 336 other public officials in …
China Home Prices Weaken as Evergrande Weighs on Property Sector
Real estate values in China dropped by 20 percent in August from last year as crackdowns on the property sector coincide with property giant Evergrande’s debt crisis. Average prices of …
Evergrande Struggles to Repay $300bn Debt, Chinese Property Sector Affected
China’s second-largest real estate firm Evergrande stirred fears of crashing the Chinese property sector after it recently warned of defaulting on its $300 billion debt. The world’s most indebted company …
Trump Organization CFO Allen Weisselberg Surrenders to Prosecutors ahead of Criminal Charges
Trump Organization Chief Financial Officer Allen Weisselberg has to surrender to the Manhattan district attorney’s office early Thursday. Weisselberg and the Trump Organization brace themselves to face criminal charges filed …
WeWork Posts $2.1B Loss
WeWork attempted to enter the stock market in 2019, but the decision was rejected after concerns about their business model and the leadership style of their co-founder Adam Neumann. Neumann …
