Home > Will Beijing step in to save debt-ridden property developer Evergrande?

News
Will Beijing step in to save debt-ridden property developer Evergrande?

Description

The ratings agency S&P has warned that Beijing is unlikely to intervene to rescue struggling Chinese property developer Evergrande, unless there was a risk of "far-reaching contagion" affecting other companies in the sector. The firm is facing two major interest payments this week, and fears about its finances have rippled across global stock markets. Also today, we report on how French businesses are facing rising energy costs, as wholesale prices for gas have soared across Europe.

Added on the 21/09/2021 09:16:32 - Copyright : France 24 EN

To customise your video :

Or Create an account

More videos on the subject

  • Evergrande debt crisis: Chinese developer stops paying some staff, suppliers

    China Evergrande Group's electric vehicle unit has stopped paying its staff and factory suppliers, according to a Bloomberg News report on Thursday. FRANCE 24's Charles Pellegrin reports from Beijing.

    23/09/2021 - France 24 EN
  • Chinese property developer Evergrande in major financial crisis

    Beijing, Sep 16 (EFE/EPA).- Chinese property developer Evergrande continued in major financial crisis Thursday after the company said Tuesday that its property sales would likely continue to drop significantly in September, resulting in a further deterioration of its cash situation, according to media reports. (Camera: WU HONG).B-ROLL OF THE EVERGRANDE NEW HOUSING DEVELOPMENT PROJECT IN BEIJING, CHINA.

    16/09/2021 - EFE Inglés
  • Troubled developer Evergrande's shares slump after unit sale falls through

    Shares in the Chinese real estate giant Evergrande have slumped by more than ten percent in Hong Kong, after an offer to buy its property management unit fell through. The company's stock had been suspended from trading for two weeks while the potential offer was being considered. Evergrande is facing a liquidity crisis after missing several debt payments in the past month. We also discuss today why the prices of second-hand smartphones could soon rise in France.

    21/10/2021 - France 24 EN
  • Chinese property development companies can potentially face debt crisis, analysis shows

    Beijing, Sep 29 (EFE/EPA).- Founded in 1994, R&F Group is headquartered in Guangzhou, China, and is now a diversified conglomerate engaged in real estate development. Financial analysis shows that many Chinese property development companies can potentially face a debt crisis like the recent one with real estate developer Evergrande Group, which is struggling under huge debt. (Camera: WU HONG). SHOT LIST: R&F PLAZA AND R&F CENTER, IN BEIJING, CHINA.

    29/09/2021 - EFE Inglés
  • Evergrande investors left in dark as key debt deadline passes

    Bondholders of troubled Chinese property developer Evergrande were left in the dark as a deadline for $83 million in interest payment passed without comment from the company. Evergrande's silence stands in contrast to its treatment of investors at home, with whom it settled coupon payments earlier in the week. Plus, Arc France, which runs the biggest glassware factory in the world, is in deep financial waters again and may have to seek government help, despite a bulging order book. 

    24/09/2021 - France 24 EN
  • Covid-19 : transfert exceptionnel de huit patients en réanimation de Tahiti vers Paris

    Le transfert de ces patients vers la métropole doit permettre d'alléger la pression sur les services de réanimation en Polynésie, actuellement l'un des territoires français les plus durement touchés par l'épidémie de Covid-19.

    19/09/2021 - Euronews FR

More videosNews

Watch video of  - How to use a Shampoo Bar - Label : Woman & Home -
News

How to use a Shampoo Bar

16/06/2021 17:11:55

Watch video of  - Child Tax Credit - Label : Wochit -
News

Child Tax Credit

13/08/2021 18:26:09