The property giant, which cited a pending “major transaction,” owes billions. Investors worry that a collapse could hit broader markets.
Tag: Credit and Debt
China Evergrande Bond Payment Remains Uncertain
A payment on the troubled Chinese company’s dollar-denominated bonds was due Thursday. Its shares fell on Friday after the company said nothing.
China Evergrande Warns of Financial Pressure, Hires Advisers
China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
I.M.F. Presents Plan to Help Poor Countries During Pandemic
A proposal advanced by the International Monetary Fund aims to supply the developing world with extra money to buy vaccines, pay down debt and expand relief programs.
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
Sanctions on Russian Debt Are Called a ‘First Salvo’ That Sends a Message
The curbs on U.S. banks’ purchases of some bonds apply to a small portion of the market but could signal a sharper aim at Russia’s access to global capital.
How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.
Mario Draghi Saved the Euro. Can He Now Save Italy?
Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
China Extends Reach in the Caribbean, Unsettling the U.S.
The region has strategic importance as a hub for logistics, banking and commerce. It is also very close to the United States.
China Tries Its Favorite Economic Cure: More Construction
Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.