Tag: Evergrande

Financial Services, Industries

Evergrande shares plummet after developer says it is not able to issue new debt

September 25, 2023


Shares in Evergrande (HK:3333) shed more than a fifth of their value on Monday after the embattled Chinese property developer announced that it would be unable to issue new debt. Evergrande ‘s stock slumped by 21.8%, its largest one-day percentage […]

Finance Tech, Trading

European Stocks Close Weak As Inflation Worries, Evergrande’s Debt Woes Weigh

October 4, 2021

Via: Markets Insider

European stocks ended weak on Monday with investors largely staying cautious, fretting over risk to growth from rising inflation and China Evergrande’s financial troubles. Market participants closely watched beleaguered developer China Evergrande, whose shares were suspended in Hong Kong ahead […]

Finance Tech, Liquidity

British Pound (GBP) Price Outlook: GBP/USD Stabilizing on Evergrande Relief

September 22, 2021

Via: DailyFX

GBP/USD is steadier in early European business Wednesday on relief that China’s indebted property developer Evergrande has reached agreement on some interest payments and the People’s Bank of China has injected more money into the country’s banking system. The news […]

Finance Tech, Trading

Stocks start higher on Wall Street ahead of Fed statement

September 22, 2021

Via: ABC News

Stocks are starting higher on Wall Street Wednesday, potentially setting up the S&P 500 to break a four-day losing streak. The benchmark index was up 0.3% in the early going, led by gains in banks and industrial companies. Facebook was […]

Finance Tech, Liquidity

Bitcoin’s claim to be digital gold loses its shine after the token plunges alongside stocks in the Evergrande sell-off

September 21, 2021

Via: Markets Insider

Bitcoin fans often say the world’s biggest cryptocurrency is “digital gold” – a safe-haven asset that investors can turn to at times of market stress or high inflation. Yet that view was dealt a blow on Monday, when the digital […]