The property giant, which cited a pending “major transaction,” owes billions. Investors worry that a collapse could hit broader markets.
Tag: Real Estate and Housing (Residential)
How China Plans to Avert an Evergrande Financial Crisis
Control of the banking system gives Beijing the tools to stop a broader collapse, officials believe, while censorship and police powers can stifle protests.
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.
Cairo’s Antique Elevators, Glorious and Glitchy, Are Scenes of Love and Fear
For some Cairenes, the city’s geriatric lifts are beautiful marvels. Others consider them frustrating and frightening. Everyone has a story.
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.
Joseph Brodsky Slept Here. The Great Poet’s Cranky Neighbor Couldn’t Care Less.
After a decades-long standoff with the last resident of a communal apartment, a private museum has finally opened in Brodsky’s shared home in St. Petersburg, a rare grass-roots victory in Russia.
High Lumber Prices Add Urgency to a Decades-Old Trade Fight
Forced to pay more for wood, home builders want the Biden administration to settle a long-running dispute over Canadian imports. It won’t be easy.
Biden Administration Expected to Extend Federal Eviction Moratorium By a Month
Officials said the move was prompted by lagging vaccination rates and other factors. Landlords’ groups said an extension would be a harmful and unwarranted intrusion in the housing market.
A See-Through Pool Opens 10 Stories Above London
Even if you don’t have a fear of heights, you probably won’t be able to try it out: The swimming is limited to select residents at a luxury apartment complex in the British capital.
With Official Housing Scant, French People Open Their Homes to Migrants
A shelter system supported by private individuals highlights the French government’s difficulties managing a backlog of asylum cases.