China Cuts Down Payment, Mortgage Rates in Stimulus Drive
China allowed large cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing
2023-09-01 01:48
Country Garden Posts Record Loss, Warns of Possible Default
Country Garden Holdings Co. warned that it may default on its debt and raised concerns about staying in
2023-08-31 12:49
Country Garden to Issue HK$270 Million of Shares to Offset Loan
Country Garden Holdings Co. aims to issue HK$270 million ($34.4 million) of new shares, as the distressed developer
2023-08-30 09:23
Country Garden’s Malaysia Project to Get New Tax Breaks, PM Says
Forest City, Country Garden Holdings Co.’s mega-development off Malaysia’s southern coast, will be designated a special financial zone
2023-08-26 10:18
FTX, Genesis, BlockFi Customer Data At Risk in Bankruptcy Hack
Business and legal services provider Kroll said it’s cooperating with federal law enforcement after a hacker gained access
2023-08-26 06:29
Sam Bankman-Fried Wants Weekly Jail Release to Prepare Defense Case
FTX co-founder Sam Bankman-Fried wants to be released from jail five days each week so he can work
2023-08-19 05:56
China’s State Developers Warn of Major Losses as Crisis Spreads
China’s state-owned property developers are warning of widespread losses, fueling concerns that the housing crisis is expanding from
2023-08-18 07:56
Country Garden Loses Its Last Buy Rating From Global Brokerages
Country Garden Holdings Co. has lost its last stock buy rating from major international brokerages, as the embattled
2023-08-17 11:55
China New-Home Prices Drop at Faster Pace as Downturn Worsens
China home prices dropped for a second month in July, a further sign of the deepening property downturn
2023-08-16 10:20
BlackRock, Allianz’s Country Garden Bond Exposure Draws Focus
Global investors including BlackRock Inc. and Allianz SE may be key stakeholders to watch in Country Garden Holdings
2023-08-16 07:25
Country Garden Crisis Drags Down Other Builders That Got Support
A potential default at developer giant Country Garden Holdings Co. has led to greater skepticism of the efficacy
2023-08-15 13:19
China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with
2023-08-15 09:15