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HONG KONG (REUTERS) – Shares of Sunac China and its services unit sank on Monday (Nov 15) after the Chinese developer raised a total of HK$7.4 billion (S$1.3 billion) by issuing new shares and selling a stake in Sunac Services. Sunac China dropped as much as 9.2 per cent to HK$15.48
Nuclear submarines are at increasing risk of colliding in the South China Sea, an expert has said in a horrifying warning. Wu Shicun, president of the National Institute for South China Sea Studies, issued the warning as the Chinese and US navies continue to step up their deployment in the
Instagram stars and OnlyFans models are always showing off their latest plastic surgery, but some Chinese parents aren't willing to wait for their little influencers to grow up. They’re using special pillows and even helmets to train their babies’ skulls into a more rounded shape. Babies’ skulls are softer and
NEW YORK (BLOOMBERG) – Some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales. Certain holders of the 9.5 per cent dollar note maturing in
BEIJING (REUTERS) – China Evergrande Group said on Sunday (Oct 24) it had resumed work on more than 10 projects in six cities including Shenzhen – a statement that comes after it appeared to avert default with a last-minute bond coupon payment last week. Evergrande, deep in crisis with more
BEIJING (Reuters) -China’s new home prices stalled for the first time since February 2020 in September, official data showed on Wednesday, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment.FILE PHOTO: The Taoyuan Xindu Kongquecheng apartment compound developed by China
SINGAPORE – A shortage of affordable electricity in China since last month has resulted in blackouts and disrupted production in the world’s second largest economy. Its impact is already hurting supply chains and could add to rising global inflation, including in Singapore. Please subscribe or log in to continue reading
Experts have suggested that the next World War will be started by China, and its huge military has already been training for it for the past few years. Current tensions between Beijing and the West following China's activities near Taiwan and in its air space has experts believing that a
HONG KONG (Reuters) -Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector’s woes, Evergrande Group, missed its third round of bond payments in as many weeks and others warned of defaults. A wave of developers face payment deadlines before the
It is now widely accepted that the crisis that has engulfed Evergrande, which is weighed down by more than US$300 billion (S$406 billion) in debt, will spread beyond the Chinese property developer itself. But the question is: how far? Will it be contained as a domestic real-estate crisis or will