Evergrande

PwC China braced for 6-month ban over Evergrande audit

Expected punishment for work on failed property developer’s accounts would be toughest by Beijing against a Big Four firm

Thu Aug 22 2024 - 07:57

PwC China crisis looms after audit of Evergrande

Firm braces itself for one of the largest fines ever imposed on a Big Four accountancy in China following the collapse of the developer

Wed May 22 2024 - 16:44

Hui Ka Yan: the Evergrande tycoon faces his downfall

Once the richest man in China, the liquidation of his property empire marks the end of an era

Wed Feb 07 2024 - 05:30

Huge Chinese developer heads to liquidation in milestone for property crisis

Evergrande was once the biggest property developer in China in terms of sales

Mon Jan 29 2024 - 08:38

China Evergrande shares soar as trade resumes amid police probe

But analysts caution against reading too much into the unexpected share surge

Tue Oct 03 2023 - 06:32

Distressed Chinese builder Evergrande delays vital creditor meetings

Company’s shares resumed trading on Monday, 20 months after its first public bond default

Mon Aug 28 2023 - 07:04

Crisis in China’s property market threatens its broader economy

World’s second largest economy battling to avoid a deflationary spiral as developers default leaving in their wake personal and economic misery

Fri Aug 25 2023 - 05:00

China cuts loan rate less than expected as calls grow to stimulate economy

Central bank leaves mortgage-linked five-year rate unchanged despite property crisis

Mon Aug 21 2023 - 08:59

China set to cut lending rates as economic recovery drags

Policymakers expected to target mortgage-linked loan prime rate to support sentiment

Sun Aug 20 2023 - 11:00

Evergrande dollar debt revamp plan fails to cheer investors

Investors fear they will have to wait too long to recoup any money under rescue plan but alternative might be liquidation

Thu Mar 23 2023 - 16:48

China Evergrande will swap defaulted debt in court restructuring

Restructuring plan calls for its offshore creditors to swap their debt for new securities

Thu Mar 23 2023 - 09:46

Evergrande releases restructuring timeline

Chinese property developer moves closer to agreement with international investors

Mon Mar 20 2023 - 11:58

Evergrande bondholders threaten to sue after being blindsided by €1.9bn claim

Move comes as mystery lenders take over funds at Chinese property group’s subsidiary

Wed Mar 23 2022 - 15:15

China’s birthrate falls to 61-year low despite moves to stave off demographic crisis

Beijing announces major reforms to address decline, including introduction of three-child policy

Mon Jan 17 2022 - 13:36

The A to Z of financial markets in 2021

Apple soared and Zoom slumped in a year that saw markets surge to record levels

Fri Dec 31 2021 - 05:20

China Evergrande says it has restarted work at most of its housing projects

Chairman vows to deliver 39,000 units of properties in December

Mon Dec 27 2021 - 10:24

Chinese property developers hit by record rating downgrades

Downgrades come as Evergrande collapse fuels fears over health of China’s economy

Wed Dec 22 2021 - 15:09

Evergrande stock hits new lows as investors brace for possible default

Peer Kaisa suspends shares as it too struggles with debt payment

Wed Dec 08 2021 - 16:46

ECB warns of ‘exuberance’ in housing, junk bonds and crypto assets

Investors taking risks has left markets ‘susceptible to correction’

Wed Nov 17 2021 - 11:41

Chinese relief for miners drags markets into the black

Iseq ends session flat as tech stocks help indices rise in the US

Thu Nov 11 2021 - 19:31

European stocks held back by inflation worries

Concerns about US inflation offset relief around property developer China Evergrande

Thu Nov 11 2021 - 10:21

China’s property woes may spell trouble for London and NY

Developers behind prestige mega-projects in global cities scrambling for cash

Wed Nov 03 2021 - 01:00

10 scenarios that could rock the global economy in 2022

Economist Intelligence Unit sets out 10 risk scenarios that could derail global growth

Wed Oct 27 2021 - 15:49

Evergrande pays missed dollar bond coupon, says Chinese state media

Developer’s repayment of offshore debt comes days ahead of default deadline

Fri Oct 22 2021 - 09:55

European markets steady but Evergrande continues to weigh

Heavyweight stocks drag down Iseq in Dublin but leisure stocks make small recovery

Thu Oct 21 2021 - 18:32

As Evergrande teeters, Chinese media walks a fine line

Communist Party seeks tenuous balance in treatment of property behemoth

Wed Oct 20 2021 - 12:51

Evergrande crisis leaves Chinese developers shut out of global debt markets

Just one dollar bond sold since heavily indebted company’s missed payment shook markets

Thu Oct 14 2021 - 15:26

Global stocks hit by energy price fears

Supply crunches hit inflation data in Japan, car sales in China and spending in Britain

Tue Oct 12 2021 - 13:59

World shares steady as worries over oil prices ease

Amazon shares hit as investors dump big tech amid rising treasury yields

Tue Oct 05 2021 - 10:29

Financial markets nervous as Evergrande sells majority stake to Hopson

Chinese property group requests suspension of share trading as debts hit $305bn

Mon Oct 04 2021 - 08:44

David McWilliams: A property crash in China would rock global system

There are 90 million empty apartments in China after years of a construction boom

Sat Sept 25 2021 - 06:00

Evergrande worries and weak German confidence weigh on stock markets

Iseq ends session 0.5 per cent lower, tracking a wider fall in European stocks

Fri Sept 24 2021 - 18:00

Evergrande’s billionaire boss exuded calm as crisis grew

Hui Ka Yan’s highly leveraged property business is unravelling

Fri Sept 24 2021 - 11:46

European stocks rise for third day as Evergrande concerns ease

Market heavyweights Flutter Entertainment and Ryanair decline

Thu Sept 23 2021 - 20:07