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Evergrande Indicates News of 'Major Transaction' Coming

Shares in the company were suspended from trading Monday in Hong Kong

(Newser) - Shares in the beleaguered China Evergrande Group were suspended from trading by the Hong Kong exchange Monday ahead of what the company says is "an announcement containing inside information about a major transaction." The Guardian reports that generated buzz that it would be selling its profitable property management...

Closely Watched Deadline in China Passes in Silence

Investors in limbo as Evergrande does not make payment

(Newser) - The world's financial markets waited anxiously all day Thursday to see what the teetering Chinese behemoth Evergrande would do as a big bond payment came due. Aaaand ... crickets. The real estate conglomerate on the brink of default made no public statements, and, more crucially, apparently did not make the...

China's 'Lehman Moment'? Wall Street Is Skeptical
All Eyes on How Beijing
Handles a Financial Landmine
the rundown

All Eyes on How Beijing Handles a Financial Landmine

Developer Evergrande could be about to default and collapse

(Newser) - US markets tanked on Monday , and those reading about the plunge would have learned that much of the blame was placed on a Chinese company called Evergrande. Which may have prompted many to wonder: What on earth is Evergrande and why did it dent my 401K? Coverage:
  • The company: Evergrande

Stocks Just Had Their Biggest Drop Since May
Dow Drops 614 Points 
as China Worries Grow

Dow Drops 614 Points as China Worries Grow

Developer Evergrande could be on brink of collapse

(Newser) - US stocks had their biggest drop since May as traders worried about potential ripple effects if a debt-laden Chinese real estate company defaults. The S&P 500 fell 1.7% Monday. It had been down as much as 2.9% earlier. Hong Kong’s main index dropped 3.3%, its...

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