SINGAPORE: It narrowly averted a cash crunch last year but Evergrande, one of China’s biggest real estate developers, is now teetering on the brink of bankruptcy again. The cash-strapped property tita …
FINANCE
The U.S. Development Finance Corporation Is Failing to Counter China
Congress passed the Better Utilization of Investments Leading to Development (BUILD) Act as part of the FAA Reauthorization Act.
Inquiry puts ex-World Bank officials under scrutiny on China
Former officials of the World Bank are under pressure after an investigation found that they pressured staff members of the bank to alter data on global business conditions in order to favor The World …
Wall Street yawns as China property giant nears default: What investors need to know
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
Alert: China Could Be on the Verge of a Financial Meltdown
China Could Be on the Verge of a Financial Meltdown. Alert: China Could Be on the Verge of a Financial Meltdown. Vishesh Raisinghani | September 17, 20 …
Beijing seeks to join an Asia-Pacific trade deal Donald Trump left
China submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership …
Gravitas: Is a global financial crisis brewing in China?
Evergrande is China’s biggest real estate player. It is on the brink of bankruptcy. Evergrande is short on cash and has liabilities worth over $300 billion. Will China export a financial crisis, after …
Evergrande Has Debt Due Next Week It Can’t Pay. Why It Isn’t Just China’s Problem.
The extent to which Evergrande’s failure spills over into global financial markets depends on whether it restructures or liquidates, analysts say.
IMF chief in spotlight after China rigging report
PARIS (Reuters) – The International Monetary Fund’s ethics committee and board need to look into a report alleging its chief Kristalina Georgieva pressured staff to boost China’s ranking in a flagship …
China applies to join Pacific trade pact to boost economic clout
Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s …
Exclusive: China Evergrande’s Lenders Weigh up Loan Losses, Rolling Over Credit – Sources
One of China Evergrande Group’s main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to …
IMF Head Accused of Boosting China’s Rankings in World Bank Report
Kristalina Georgieva was accused Thursday in an official report of having applied “undue pressure” to boost China’s rankings in World Bank report.
World Bank officials pressured staff to boost China rankings, inquiry finds
The lender said it would discontinue its annual report on business climates after an investigation raised “ethical matters” over how it was prepared.
