Shares of cash-strapped China Evergrande fell as much as 6% in early trade on Friday, paring gains of nearly 18% the previous day as time ticked by on an interest payment deadline for the country's most indebted developer.
A woman rides an escalator at an Evergrande Plaza shopping mall in a residential compound developed by China Evergrande Group in Beijing, China September 22, 2021. REUTERS/Carlos Garcia Rawlinsfell as much as 6% in early trade on Friday, paring gains of nearly 18% the previous day as time ticked by on an interest payment deadline for the country's most indebted developer.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Evergrande nears interest payment deadlineChina Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.
Read more »
China asks local officials to prepare for 'possible storm' if Evergrande fails, WSJ saysChinese authorities are preparing for the potential downfall of Evergrande, the Wall Street Journal reported Thursday.
Read more »
China Evergrande Loses Support of Hong Kong Tycoon Amid Debt CrisisChinese Estates, which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said it had recently pared its stake in Evergrande and it was seeking shareholder approval to potentially sell the remainder.
Read more »
China Evergrande Keeps Dollar Bondholders Guessing on Key Interest PaymentGlobal investors who own China Evergrande’s U.S. dollar bonds were in the dark about whether the property giant would make a key interest payment, a major test of the highly indebted developer’s ability to avoid a default.
Read more »
Fears grow for China Evergrande after interest deadline passesChina Evergrande inched closer on Friday to the potential default that investors fear as an interest deadline expired without any announcement from the property giant whose mountain of debt has spooked world markets.
Read more »
What Is China Evergrande, and Why Is Its Crisis Worrying Markets?The Chinese property giant’s debt load is teetering. Here’s a quick look at the crisis and the risks of a collapse.
Read more »