HONG KONG :China Evergrande Group held steady on Wednesday after it missed a payment deadline on some U.S. dollar bonds, putting it at risk of becoming China's biggest defaulter, but large falls were limited amid hopes of a managed debt restructuring.
Failure by Evergrande to make US$82.5 million in interest payments due last month would trigger https://www.reuters.com/markets/rates-bonds/whats-next-china-evergrande-after-missing-coupon-payments-2021-12-07 cross-default on its roughly US$19 billion of international bonds, with possible ramifications on the country's broader economy and beyond.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tries to reassure on Evergrande as default fears riseBEIJING: China\u0027s central bank released extra money for lending on Monday (Dec 12) as the government tried to reassure the public it can contain the potential fallout if a troubled real estate developer’s US$310 billion mountain of debt collapses. The People\u0027s Bank of China said it freed up 1.2 trillion y
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China forms new state-owned China Logistics GroupHONG KONG : China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic.China Logistics Group aimed to become a “global supply chain organizer' by dev Sebuah komet besar akan muncul & mengganggu paksi dan keseimbangan bumi. Seluruh dunia akan berada dlm kegelapan. Kemudian Allah SWT dgn rahmatNya mengembalikan bumi ke kedudukan asal. Inilah salah satu ramalan dlm mimpi Muhammad Qasim tentang masa depan.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says US will 'pay the price' for diplomatic boycott of OlympicsBEIJING — The United States will have to 'pay a price' for its diplomatic boycott of the Winter Olympics in Beijing, China said on Tuesday (Dec 7), just weeks after talks aimed at easing tense relations between the two sides. How much?
Source: TODAYonline - 🏆 1. / 99 Read more »
Canada's ambassador to China to leave post after helping free detaineesOTTAWA: Canada\u0027s ambassador to China said on Monday (Dec 6) he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton\u0027s departure, which will take effect on Dec 31, leaves a crucial 功成身退
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Credit Suisse CIO says has 'day-by-day, week-by-week' approach to ChinaLONDON : Credit Suisse global chief investment officer Michael Strobaek said on Monday he was taking a 'day-by-day, week-by-week' approach to China and remained generally cautious on emerging markets. 'I would take a wait-and-see approach on emerging markets,' Strobaek told the Reuters annual Investment O
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China will keep economic operations within reasonable range in 2022BEIJING : China's politburo, the country's top-decision making body, said on Monday that it would keep economic operations within reasonable range in 2022, the official Xinhua news agency said.China will continue to implement proactive fiscal policy and prudent monetary policy next year, the politburo sai
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »