Andrew Galbraith

China's Evergrande edges closer to default after missing debt deadline

Dec 07 2021

HONG KONG/SHANGHAI China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world's most indebted property developer. | Video

WeChat bargain hunters seek profits in China property bond rout

Nov 12 2021

SHANGHAI In late October, as a growing liquidity crisis across China's property sector walloped developers' bonds, a group of Chinese finance professionals got together on the messaging app WeChat to pool their funds and buy the unloved debt.

Evergrande dodges default again; property sector debt concerns linger

Nov 11 2021

SINGAPORE/HONG KONG Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little to alleviate strains in the country's wider property sector. | Video

Evergrande faces default deadline on $148 million payment, some bondholders paid - report

Nov 10 2021

SHANGHAI/HONG KONG Cash-strapped China Evergrande Group, facing a deadline for coupon payments on Wednesday, may have made those payments, according to a report by Bloomberg, which said that customers of international clearing firm Clearstream have received overdue payments on three U.S. dollar bonds. | Video

WRAPUP 6-Evergrande faces default deadline on $148 mln payment, some bondholders paid-report

Nov 10 2021

* Some bondholders not received payment by end of Asia business

WRAPUP 5-Evergrande teeters on edge of default as $148 mln payment falls due

Nov 10 2021

* Some bondholders not received payment by end of Asia business

Some investors have not received Evergrande unit's bond interest due Nov 6, say sources

Nov 08 2021

HONG KONG/SHANGHAI (Reuters) -Some holders of offshore bonds issued by a unit of developer China Evergrande Group had not received interest payments due on Nov. 6 by Monday evening in Asia, two people familiar with the matter said.

Kaisa, units trading suspended as China property debt crisis routs developers' shares

Nov 05 2021

HONG KONG/SHANGHAI (Reuters) -Kaisa Group Holdings Ltd and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China's snowballing property debt crisis jolts other developers. | Video

China's Xi warns on protectionism, calls for unimpeded vaccine trade

Nov 04 2021

SHANGHAI Chinese President Xi Jinping called on Thursday for smooth global trade in vaccines and other medical supplies, saying that unilateralism and protectionism are rising across the world and globalisation is facing headwinds.

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