China Vanke Profit Tumbles 46%, Vows to Cut Debt By $14 Billion

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Canada Headlines News

Canada Latest News,Canada Headlines

China Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash debt by almost $14 billion, as the embattled developer tries to stave off default amid a protracted housing crisis.

Maduro Tests Limits of Biden Administration’s Fair-Election DealJiangxi Copper Sees Higher Prices as It Plans to Raise OutputCountry Garden Delays Annual Results, Expects Trading SuspensionCitigroup North America Technology ECM Co-Head Feige Has LeftUS Mortgage Rates Drop, Giving House Hunters More Buying PowerHome Depot to Buy Roof-Supply Firm SRS for About $18.

25 BillionPortugal’s New Premier Picks Sarmento as Finance MinisterUS Corporate Borrowing Spree Clocks Busiest First Quarter EverWorld Bank Unlocks Secret Data for Emerging Market FinanceSurvey finds nearly half of Canadians feeling 'stuck at work'Time to shift that parked RRSP contribution into drive'Like throwing money down the drain': Food waste is out as grocery prices rise and budgets tightenDale Jackson: 4 tax tools that can keep more of your money investedConsider tapping...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand’s Much-Delayed $14 Billion Cash Stimulus Plan Now Targeted for Fourth QuarterThailand plans to implement a $14 billion cash handout plan in the final quarter of this year as Prime Minister Srettha Thavisin’s government touts the stimulus as key to revive growth in Southeast Asia’s second-largest economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Country Garden, Vanke to Expose Extent of China’s Property CrisisEarnings from Country Garden Holdings Co. and China Vanke Co. next week should indicate the extent to which China’s property woes are hurting the world’s second-largest economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China Vanke’s Dollar Bonds Signal Fears of Default Down the RoadCash-strapped Chinese developer China Vanke Co. has been fighting to avoid its first-ever default, and while investors’ fears of an imminent meltdown appear to be easing, its long-term prospects are less clear.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Soaring Short Bets on Vanke Signal Investor Worries Over DebtA surge in short bets against China Vanke Co. suggests this week’s rally may prove fleeting.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Vanke’s Sales Drop Most Since 2018 Amid Mounting Liquidity FearsChina Vanke Co. posted its biggest sales decline in six years, adding to the woes of the Chinese property developer that’s trying to stave off its first-ever debt default.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China's Didi swings to profit in fourth quarterExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »