China Evergrande bondholders in limbo over debt crisis - Reuters
Sep 24, 2021 1 min, 0 secs

SINGAPORE, Sept 24 (Reuters) - China 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.

The company owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.

Evergrande (3333.HK) appointed financial advisers and warned of default last week, and world markets fell heavily on Monday amid fears of contagion, though they have since stabilised.

But it has said nothing about the offshore interest payment that was due on Thursday or a $47.5 million payment due next week.

Only some $20 billion of Evergrande's debts are owed offshore.

The People's Bank of China's 270 billion yuan ($42 billion) cash injection this week is the largest weekly sum since January and has helped put a floor under stocks.

Bloomberg Law also reported that regulators had asked Evergrande to avoid a near-term default, citing unnamed people familiar with the matter

However the Wall Street Journal said, citing unnamed officials, that authorities had asked local governments to prepare for Evergrande's downfall

1. Why Public Health Is in Crisis: Threats, Departures, New Laws - The New York Times
Oct 21, 2021 # health 6 mins, 13 secs
2. Gwyneth Paltrow's 15-Year-Old Son Apparently Told Her She's A Feminist Because Goop Sells Vibrators, Which Is Quite Sweet Honestly - BuzzFeed
Oct 20, 2021 # entertainment 3 secs
3. Spotify Is America's Most Loved Workplace
Oct 22, 2021 # breaking 2 mins, 31 secs
4. Obama says Powell exemplified what America "can and should be"
Oct 18, 2021 # breaking 26 secs
5. Police say riders didn't help woman raped on train. Does 'bystander effect' explain why? - NBC News
Oct 21, 2021 # politics 1 min, 3 secs
6. ‘Dune’ Review: A Hero in the Making, on Shifting Sands - The New York Times
Oct 21, 2021 # entertainment 2 mins, 8 secs
7. Poll: Border Wall Supported by Working Class Whites, 4-in-10 Hispanics
Oct 22, 2021 # breaking 36 secs
8. COVID-19 in South Dakota: 739 total new cases; Death toll rises to 2,203; Active cases at 5,679 -
Oct 19, 2021 # health 8 secs
9. Orion: Nasa's Moon ship ready to be attached to rocket - Yahoo News
Oct 19, 2021 # science 24 secs
10. Masks and vaccines are a must this holiday season, CDC says - CNN
Oct 16, 2021 # politics 40 secs
11. CDC director signs off on boosters of Johnson & Johnson, Moderna COVID-19 vaccines | TheHill
Oct 22, 2021 # breaking 1 min, 13 secs
12. FDA panel endorses Johnson and Johnson coronavirus booster shot
Oct 16, 2021 # breaking 2 secs
13. Taraji P. Henson Details How Decades-Long Stomach Problems Led to Finally Addressing Her Health - Hollywood Reporter
Oct 19, 2021 # entertainment 55 secs
14. Razer’s new Kraken gaming headsets bring controller-like vibrations to your head - Ars Technica
Oct 21, 2021 # technology 53 secs
15. Scientist Says the Solar System Is Surrounded by a Huge Magnetic Tunnel - Futurism
Oct 17, 2021 # science 32 secs
16. Kim Seon Ho's Ex Announces Legal Action Against Death Threats And Invasions Of Privacy + Posts Addition To Her Statement - soompi
Oct 20, 2021 # entertainment 35 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED