A payment on the troubled Chinese company’s dollar-denominated bonds was due Thursday. Its shares fell on Friday after the company said nothing.
Tag: Banking and Financial Institutions
Evergrande Crisis Shows Cracks in China’s Property Market
Experts are making increasingly grim predictions about the developer’s ability to hold on without a government bailout, and the consequences of a possible collapse.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.
Why the Taliban Desperately Need Cash to Run Afghanistan
The group has long tapped underground banks and opium to fund Afghanistan’s insurgency. Fixing the nation’s problems will require a lot more than that.
Evacuations From Kabul Wind Down as U.S. Prepares to Pull Last Troops
Hundreds of thousands of Afghans are still thought to be seeking to flee the country, but President Biden and other global leaders have acknowledged that many will not get out before the deadline.
Under Taliban Rule, Life in Kabul Transforms Once Again
Though the streets are quiet, Kabul residents describe a struggle to make ends meet in a reeling economy where banks and government offices are closed, and uncertainty reigns.
Monte dei Paschi di Siena, World’s Oldest Bank, Nears an End
After performing poorly in a stress test, Monte dei Paschi di Siena, founded in 1472, could be swallowed by UniCredit.
They Wait Hours to Withdraw Cash, but Most A.T.M.s Are Empty
Myanmar has been crippled by a cash shortage since the military seized power six months ago, plunging the Southeast Asian nation into a financial crisis.
As Lebanon Collapses, the Man With an Iron Grip on Its Finances Faces Questions
People can’t get their money from banks, the currency has crashed and Riad Salameh’s reign at the central bank is facing allegations of fraud.
As Lebanon Collapses, Riad Salameh Faces Questions
People can’t get their money from banks, the currency has crashed and Riad Salameh’s reign at the central bank is facing allegations of fraud.