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Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
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China's Economy Grows At 5.2%, Its Slowest Rate In Over 3 Decades
China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
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China's 2023 Economic Growth Weakest In 3 Decades
China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.
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Rise and Fall Of Crisis Hit Evergrande Founder Hui Ka Yan
Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.
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Billionaire Boss Of China Evergrande Under "Residential Surveillance"
The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.
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Punjab Police To Identify, Seize Properties Of Big Drug Smugglers
Punjab's Special Director General of Police (Law and Order) Arpit Shukla on Friday directed the police commissioners and district police chiefs to identify and forfeit properties of big narco smugglers caught with commercial quantities of drugs.
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China's Evergrande Faces Over 1,300 Lawsuits Totalling $45 Billion: Report
Evergrande began to falter after China began cracking down on the property sector in 2020.
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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
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Renters In London Face Crisis, Average Rent Hits A Record Rs 2,50,000 Per Month
The new average rent in London has risen to an astounding GBP 2,480 per month, setting a record high.
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Asia Has New Richest Woman - India's Savitri Jindal
Yang Huiyan is no longer Asia's richest woman as China's property crisis hammers the nation's developers, including her Country Garden Holdings Co.
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Asia's Richest Woman Loses More Than $12 Billion In China Property Crisis
Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday.
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After Army, Sri Lanka Police Given Orders To Shoot To Maintain Order
Sri Lanka's police said they were given orders on Wednesday to shoot to prevent looting and damage to public property and if lives are threatened.
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Russia Plans to Ease Piracy of Games, Movies to Counter Western Sanctions Amid Ukraine Crisis: Report
Russia is planning to relax rules governing intellectual property rights to offset the sanctions imposed by Western nations in response to its military offensive against Ukraine. Recently, the Russian Ministry of Economic Development reportedly proposed to ease the piracy legislation, which would effectively legalise the piracy of games, movies, TV...
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Centre With People Of Uttarakhand In Hour Of Crisis, Says Amit Shah
Union Home Minister Amit Shah conducted an aerial survey of rain-affected areas of Uttarakhand on Thursday and said effective coordination between various agencies and timely warnings had helped contain the loss to life and property in the state.
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China Evergrande To Raise $5 Billion From Property Unit Sale: Report
China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.
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Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
-
China's Economy Grows At 5.2%, Its Slowest Rate In Over 3 Decades
China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
-
China's 2023 Economic Growth Weakest In 3 Decades
China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.
-
Rise and Fall Of Crisis Hit Evergrande Founder Hui Ka Yan
Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.
-
Billionaire Boss Of China Evergrande Under "Residential Surveillance"
The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.
-
Punjab Police To Identify, Seize Properties Of Big Drug Smugglers
Punjab's Special Director General of Police (Law and Order) Arpit Shukla on Friday directed the police commissioners and district police chiefs to identify and forfeit properties of big narco smugglers caught with commercial quantities of drugs.
-
China's Evergrande Faces Over 1,300 Lawsuits Totalling $45 Billion: Report
Evergrande began to falter after China began cracking down on the property sector in 2020.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
Renters In London Face Crisis, Average Rent Hits A Record Rs 2,50,000 Per Month
The new average rent in London has risen to an astounding GBP 2,480 per month, setting a record high.
-
Asia Has New Richest Woman - India's Savitri Jindal
Yang Huiyan is no longer Asia's richest woman as China's property crisis hammers the nation's developers, including her Country Garden Holdings Co.
-
Asia's Richest Woman Loses More Than $12 Billion In China Property Crisis
Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday.
-
After Army, Sri Lanka Police Given Orders To Shoot To Maintain Order
Sri Lanka's police said they were given orders on Wednesday to shoot to prevent looting and damage to public property and if lives are threatened.
-
Russia Plans to Ease Piracy of Games, Movies to Counter Western Sanctions Amid Ukraine Crisis: Report
Russia is planning to relax rules governing intellectual property rights to offset the sanctions imposed by Western nations in response to its military offensive against Ukraine. Recently, the Russian Ministry of Economic Development reportedly proposed to ease the piracy legislation, which would effectively legalise the piracy of games, movies, TV...
-
Centre With People Of Uttarakhand In Hour Of Crisis, Says Amit Shah
Union Home Minister Amit Shah conducted an aerial survey of rain-affected areas of Uttarakhand on Thursday and said effective coordination between various agencies and timely warnings had helped contain the loss to life and property in the state.
-
China Evergrande To Raise $5 Billion From Property Unit Sale: Report
China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.
