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. Blizzard offers free BattleTag change to commemorate Cassidy's new name in Overwatch - Dot Esports
Oct 23, 2021 # technology 18 secs
2. Hubble telescope spots a pair of 'squabbling' galaxies locked in cosmic dance - Space.com
Oct 24, 2021 # science 48 secs
3. Vermont roadside marker recognizes African American poet
Oct 23, 2021 # breaking 19 secs
4. Taliban wins backing for aid at Moscow talks, with regional powers saying US and allies should pay - CNN
Oct 20, 2021 # politics 2 mins, 27 secs
5. Instagram model appears to smirk during police questioning in stabbing incident, plugs ‘OnlyFans’ account - Fox News
Oct 21, 2021 # entertainment 32 secs
6. Biden says United States would come to Taiwan's defense - Reuters
Oct 22, 2021 # politics 52 secs
7. Trevor Noah Predicts Donald Trump Will Use His New Social Media Platform In 1 Wild Way - HuffPost
Oct 22, 2021 # politics 16 secs
8. Biden pushes infrastructure plan in Pennsylvania as Democrats near deal on spending bill
Oct 21, 2021 # breaking 2 secs
9. Pregnant women pass fewer coronavirus antibodies to unborn boys: study - Business Insider
Oct 23, 2021 # health 2 secs
10. The Dark Pictures Season One Finale, The Devil in Me, Announced - IGN - IGN
Oct 25, 2021 # technology 21 secs
11. Alaska reports 5 more COVID-19 deaths, continued high hospitalizations - Anchorage Daily News
Oct 26, 2021 # health 34 secs
12. A C.I.A. Fighter, a Somali Bomb Maker, and a Faltering Shadow War - The New York Times
Oct 24, 2021 # politics 5 mins, 38 secs
13. Biden watches kid's infrastructure project topple during trip to NJ school - New York Post
Oct 25, 2021 # politics 48 secs
14. Why Do Actors Keep Working With Wes Anderson? - The New York Times
Oct 22, 2021 # entertainment 2 mins, 41 secs
15. Containers ablaze on cargo ship off British Columbia - CNN
Oct 24, 2021 # politics 43 secs
16. 'Dune' nabs $40.1 million at the North American box office
Oct 24, 2021 # breaking 39 secs

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2021 365NEWSX - All RIGHTS RESERVED