Hong Kong China's Evergrande Group will pay interest due Thursday on one of its bonds, but it's keeping rattled investors guessing about the fate of second, bigger payment due this week.
The troubled Chinese real estate conglomerate said Wednesday in a filing with the Shenzhen Stock Exchange that issues regarding a payment on a domestic yuan bond have been"settled through negotiations." Many questions remain unanswered, though. Evergrande did not elaborate on the terms of the payment. The amount of interest it owes on the bond is about 232 million yuan , according to data from Refinitiv.Interest worth $83.
What if the Evergrande event was a distraction from everyone talking about the Fed committing insider trading?
Has China's House Of Cards already begun its domino effect? Here's what you need to know about the EvergrandeCrisis
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China won't let Evergrande fail, which should lead to a market rebound, Ed Yardeni saysThe likelihood that the Chinese government won't let Evergrande fail should help calm investors' nerves, Ed Yardeni of Yardeni Research said. Pro But them propping up Evergrande will lead to failure eventually anyway. This is how we got here. Pro Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
Source: CNBC - 🏆 12. / 72 Read more »
World shares sink as China Evergrande fears spark risk offWorld stocks sold off sharply on Monday while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy, sparking fresh investor worries ahead of a busy week of central bank meetings. It will be even worse. Play with the devil and get burned....
Source: Reuters - 🏆 2. / 97 Read more »
S&P Global says default by China Evergrande could test government's capacity to backstop 'potentially substantial failures'S&P Global Ratings said Monday a default by Chinese property developer China Evergrande Group will neither lead to a tidal wave of defaults nor mere ripples... good luck
Source: MarketWatch - 🏆 3. / 97 Read more »
Evergrande fears send stock market tumbling: Here’s what investors need to know about the China property giantEvergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know. Lehman Brothers, Trillion of dollars failure, no noise, Evergrande 300 billion so much noise.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks drop the most since May on worries over China, FedStocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they default — rippled across markets. Yup fake market crash But Biden said he was building back better this is good new project minting will be .08 but free if you own one. NFT CryptoDiamonds
Source: AP - 🏆 728. / 51 Read more »
Universal Studios Beijing draws eager throngs amid uneasy U.S.-China tiesThe Beijing theme park will be the first Universal Studios resort with a section dedicated to the movie 'Kung Fu Panda' and includes an area based on the Harry Potter franchise, which is popular in China nice So Covid spread continues in China? WHCOVIDResponse
Source: Reuters - 🏆 2. / 97 Read more »