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: Stocks and Bonds
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.
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.
Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing
Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.
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.
WeWork Will Go Public in a Merger With a SPAC
The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.
Why $4-a-Gallon Gas May Be Coming Your Way This Summer
The oil industry, known for boom-bust cycles, is resisting the temptation to pump more oil — for now.
What’s Really Behind Corporate Promises on Climate Change?
Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.
‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.
Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.
Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.
The Alibaba online finance spinoff, which offers people in China a one-stop shop for loans, investments and more, will list shares in Hong Kong and Shanghai.