By JOE McDONALD, AP Business Writer BEIJING (AP) — Financial markets can cope with the impact of a Chinese real estate developer that is struggling to avoid defaulting on $310 billion in debt, the central bank governor said Thursday, in a new effort to assure the public the economy can […]
Developer
By JOE McDONALD, AP Business Writer BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential […]
By JOE McDONALD, AP Enterprise Author BEIJING (AP) — A key Chinese authentic estate developer whose battle to keep away from defaulting on billions of bucks of financial debt rattled money markets claims it has termed off the sale of a $2.6 billion stake in a subsidiary and has created […]
By YURI KAGEYAMA, AP Small business Author TOKYO (AP) — Asian shares had been blended Friday amid worries in excess of troubled Chinese real estate developer Evergrande and in excess of the pandemic. Japan’s benchmark jumped after reopening from Thursday’s nationwide vacation, but shares have been minor transformed in South […]