Country Garden gets 'near-term reprieve' after bondholders agree to extend debt payment
Investors in embattled Chinese property giant Country Garden are breathing a collective sigh of relief Monday, after it reportedly won approval from creditors to extend a major bond payment to avoid default, in a development that analysts say will give the firm some badly needed respite.
2023-09-04 14:52
Country Garden set to open up 5.6% after deal to extend onshore bond payment
Shares of Country Garden Holdings Co Ltd were set to open up 5.6% on Monday after the embattled
2023-09-04 09:48
Lagos traffic jams disappear. But this isn't good news for Nigeria
The removal of a fuel subsidy has pushed the cost of transport out of the reach of many Nigerians.
2023-09-04 07:15
Barclays Says ‘Active Policy Support’ to Benefit Turkey, Russia
Analysts at Barclays Plc are turning more upbeat on the economic outlook for Turkey and Russia, where “active
2023-09-02 20:26
Country Garden: How bad are the Chinese property developer's debt problems?
By Xie Yu HONG KONG (Reuters) -China is grappling with a slowdown that has rattled global markets, with the spotlight
2023-09-01 20:51
China's biggest homebuilder is fighting for its life. Here's what you need to know about the real estate crisis
Just a few months ago, Country Garden was the biggest property developer in China, with more than 3,000 developments spanning the country.
2023-08-31 20:48
Irish fuel duty and hospitality taxes to increase
The increases, which come into effect from midnight, follow a number of temporary reductions.
2023-08-31 16:51
Turkey Economy Set for Post-Pandemic Low as Recession Risks Loom
Turkey’s economy probably slowed in the second quarter, with activity set to remain subdued for the rest of
2023-08-31 11:46
Country Garden faces key test as onshore bondholders set to vote on extension
HONG KONG Embattled Chinese property developer Country Garden faces a critical test of investor confidence on Thursday, with
2023-08-31 10:16
Is China's economy 'a ticking time bomb'?
The world's second largest economy faces deep-rooted challenges in the years ahead.
2023-08-31 05:56
Country Garden posts record net loss of $6.7 billion in first half of 2023
HONG KONG (Reuters) -China's largest private property developer Country Garden on Wednesday reported a record loss in the first half
2023-08-30 23:53
Some offshore creditors of Country Garden consider forming group for debt revamp talks
By Xie Yu HONG KONG Some offshore creditors of embattled Chinese developer Country Garden are in talks with
2023-08-30 17:18