HONG KONG: China Evergrande Group said on Friday (Jul 29) that it can arrange asset deals that may include equity in its two just offshore listed units as being a sweetener for updated offshore debt. The two outlined units are Evergrande Property Services Group Ltd and electrical vehicle maker CinaContinue Reading
Xia Haijun was highly valued at the programmer before everything unravelled with his involvement within arranging undisclosed mortgage guarantees.Continue Reading
While analysts expect stronger demand regarding iPhones than with regard to other smartphones, Apple company announced discounts within China this week, the move it sometimes makes when sales are slow. Tech and auto firms with factories in China and taiwan have faced business disruptions in the tour’s second-largest economy dueContinue Reading
China can help property developers simply by issuing 1 trillion yuan (US$148. two billion) in loans for stalled developments, the Financial Times said on Thurs (Jul 28), because it tries to revive the particular debt-stricken sector. A key pillar of the world’s second-largest economy, China’s house sector has been lurchingContinue Reading
DHAKA: Bangladesh offers asked the Worldwide Monetary Fund (IMF) to start negotiations for a loan, the financial minister told the Prothom Alo paper, while adding the fact that economy was “no way in trouble”. Minister AHM Mustafa Kamal said he did not specify any amount in a letter he sentContinue Reading
HK: Hong Kong private house prices fell in a faster pace in June and decreased to the lowest considering that December 2020, public data showed upon Wednesday (Jul 27) as home purchasers stayed on the sidelines due to an unsure outlook and increasing interest rates. Home prices with the world’sContinue Reading
Cina plans to type US-listed Chinese businesses based on the sensitivity from the data they hold in an attempt to stop US regulators from delisting hundreds of firms, groupings, the Financial Times said on Saturday (Jul 23). The three-tier system aims to create Chinese companies straight into compliance with USContinue Reading
BEIJING: China’s troubled property sector suffered another blow this month when disappointed homebuyers stopped making mortgage payments on products in unfinished tasks. The boycott came with many developers struggling to handle mountains of debt, and fears whirling that the crisis can spread to the remaining Chinese – plus global –Continue Reading
SHANGHAI: China’s homegrown C919 narrow-body jet, designed to problem the Airbus-Boeing duopoly, is nearing qualification as its test aeroplanes completed all of the test flight tasks, the organization said on Sunday (Jul 23). The state-owned manufacturer Commercial Airplane Corp of China and taiwan (COMAC) said on its official social networkingContinue Reading
HONG KONG: China’s US$1. 2 billion fine on Didi Global draws a range under the ride hailing company’s regulatory woes, but the retroactive application of laws and an insufficient clarity on the firm’s business revival show the worst for its tech sector may not be over. Beijing’s launch of aContinue Reading