What’s next for China Evergrande after a restructuring proposal?

HONG KONG: Tiongkok Evergrande Group will offer you asset packages that could include shares in its two overseas-listed companies as a sweetener with regard to restructuring offshore financial debt, the developer stated, as a stifling liquidity crisis in the residence sector continues. Evergrande’s restructuring proposal came on Friday (Jul 29)Continue Reading

G20 finance chiefs resolved on food security; Ukraine war prevents formal communique

Russia’s finance minister attended the meeting virtually while his deputy attended in person. Ukraine’s finance minister addressed the session virtually where he called for “more severe targeted sanctions”. Indonesia’s Sri Mulyani said while chairing a fractured G20 has been “quite overwhelming” due to the war in Ukraine, all members agreedContinue Reading