Hints and tips:
...Fifteen years later, China Evergrande, the world’s most indebted property developer, has collapsed — and they are handling the wreckage....
...The company received $4mn in incentives from an Ohio economic development agency and a 15-year tax abatement on property improvements. “They’ve got pitchforks and T-shirts and posters....
...When several of the banks last year reported falling profits in their Chinese units, they attributed it to Covid-19 restrictions, US-China trade tensions, China’s property crisis and reduced onshore stock...
...Like many other Chinese property groups that secured overseas funding, Evergrande is a sprawling collection of companies based onshore and offshore, with total assets of nearly Rmb1.7tn ($240bn) as of September...
...The Banks Group, which was founded in 1976, also develops property in the north of England and Scotland and it mined coal for more than 40 years until 2020....
...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on May 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on March 14 2022. ©2022 Nikkei Inc. All rights reserved....
...China, he said, “cannot just squeeze the offshore guys, because a lot of China Inc still needs offshore funding as well”....
...It ran into trouble after expanding aggressively into technology, finance, commodities, healthcare and property....
...But for a distinctly American brand, made in the USA has to be the goal. Robert Armstrong is the FT’s US financial editor....
...The list includes Microsoft chief executive Satya Nadella and Shantanu Narayen of Adobe, Bollywood superstar Shah Rukh Khan, Vijay Shekhar Sharma of India’s Paytm and Texan property tycoon Ross Perot Jr....
...Their San Francisco property has since been blurred out on Google’s Street View — a request of his security detail, Khosrowshahi assumes, apparently unaware....
...Insiders are unsure whether that will be enough or if property owners, who have leased millions of square feet of office space to the company, will be as keen to rent to WeWork again if it overcomes its...
...She also suggests pre-departure health screenings, limiting onshore day trips and splitting the timetable for activities so that only half the number of passengers would take part at a time....
...(BBG) News round-up Wells Fargo/Eastdil: private property (FT) Renault investors rush to sign up for carmaker’s annual showdown (FT) Wells Fargo CEO search drags on as two top candidates take a pass...
...In particular, concerns are growing over the debt of domestic property developers, which, in 2019 alone, will see Rmb385bn ($55bn) come due....
...Qinghai Provincial eventually made the Rmb21.4m ($3.2m) principal and interest payment on the onshore bond just hours after the official deadline on Monday, according to a company statement....
...Alden, which is now locked in a takeover battle to control Gannett, one of America’s largest regional newspaper owners and publisher of USA Today, fashions itself as a saviour of troubled daily and weekly...
...Yet it may soon own the majority of America’s local daily newspapers after it targeted USA Today owner Gannett, one of the largest regional newspaper companies in the US and second worldwide to News Corp...
...Statoil is majority-owned by the Norwegian government....
...A version of this article was first published by the Nikkei Asian Review on September 13, 2018. ©2018 Nikkei Inc. All rights reserved....
...Wanda has sold off nearly $10bn in onshore property assets this year and HNA has announced that it plans to sell some assets that do not conform to government regulation....
...To strengthen its presence in Asia, it acquired Eureka, a Sydney-based property specialist, in 2016....
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