Stricken developer Evergrande to resume trading, warns of financial obligations

Asia's Tech News Daily

#Business, #China, #Evergrande, #Hong Kong, #World News

China Evergrande

Chinese developer Evergrande will resume trading in Hong Kong on Thursday, it said in a filing, but warned there was “no guarantee” it would be able to meet its financial obligations.

The company suspended trading on October 4 as it struggled in a sea of debt and faces a default, with its predicament fuelling fears of contagion through the Chinese economy.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

B1 trillion to beat Omicron Injection to cushion against volatility

Finance Minister Arkhom Termpittayapaisith says the government is trying to maintain a balance between keeping the economy running and containing the virus. (Photo: Chanat Katanyu) The government will inject around ... Read more »

BP agrees to $500K penalty, soot limits at Indiana refinery

The Associated PressFILE – In this Sept. 21, 2017 file photo, the BP Whiting refinery in East Chicago, Ind., is shown on Sept. 21, 2017. Oil giant BP agreed Thursday, ... Read more »

US government sues to block $40 billion Nvidia-Arm chip deal

The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could ... Read more »

NFL suspends Antonio Brown, two others for lying about vaccine status

Antonio Brown #81 of the Tampa Bay Buccaneers runs with the ball against Rodney McLeod #23 of the Philadelphia Eagles at Lincoln Financial Field on October 14, 2021 in Philadelphia, ... Read more »

EXPLAINER: Must employers follow Biden's vaccine mandates?

The Associated PressFILE – New York City municipal workers protest against the coming COVID-19 vaccine mandate for city workers, Thursday, Oct. 28, 2021, outside the Gracie Mansion Conservancy in New ... Read more »

Sports betting ads: Industry weighs how much is too much?

The Associated PressA clerk counts money at the sports book at Freehold Raceway on Oct. 24, 2020, in Freehold, N.J. With advertisements for sports betting blanketing the airwaves, some in ... Read more »

Kroger, Okta rise; Dollar General, Apple fall

NEW YORK — Stocks that traded heavily or had substantial price changes Thursday: Synopsys Inc., up $14.92 to $349.67. The maker of software used to test and develop chips gave ... Read more »

Kroger CEO Rodney McMullen says new cooking skills, bigger holiday gatherings are lifting grocery sales

More Americans may have returned to the office, classroom and restaurants, but Kroger CEO Rodney McMullen said sales in recent months prove some stay-at-home trends are sticking. “An awful lot ... Read more »

EXPLAINER: What are the rules for travelers entering the US?

The Associated PressFILE – Travelers wait in line for screening near a sign for a COVID-19 testing site at the Los Angeles International Airport in Los Angeles on Nov. 24, ... Read more »

Kellogg's workers strike deal to end 2-month walkout

Workers at cereal giant Kellogg’s walked off the job Oct. 5, 2021, and will vote on a new contract Sunday, Dec. 5, 2021. Corbis via Getty Images Kellogg’s has reached ... Read more »

SEC mandates Chinese companies disclose ownership or risk delisting

The new rules by the SEC, led by Chairman Gary Gensler, implement a law passed by Congress in December 2020 that aims to ensure foreign companies listed in the United ... Read more »

UAW votes for direct election of leaders in wake of scandal

The Associated PressFILE – Model year 2021 Ford Ranger trucks on the assembly line at Michigan Assembly, Monday, June 14, 2021, in Wayne, Mich. Members of the United Auto Workers ... Read more »

NASA awards Blue Origin, Northrop Grumman and Nanoracks with contracts to build private space stations

Concept art of a “Starlab” space stationNanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International ... Read more »

China introduces restrictions for import of goods from Russia - consulate-general

Since November 29, Suifenhe railway station temporarily does not accept box railcars from Russia with goods requiring manual unloading Read more »

Omicron variant uncertainty should put investors off amateur virology

Here are just some of the things we do not know about the Omicron variant of Covid-19: the severity and transmissibility of infections, the efficacy of the current crop of ... Read more »

Wall Street balks as Fed signals party's ending, but is it?

NEW YORK — The Federal Reserve’s job, its longest-serving chairman once said, is to “take away the punch bowl just as the party gets going,” and that’s exactly the message ... Read more »

Omicron Covid variant expected to hit New York in 'coming days,' NY health commissioner says

A Covid-19 pop-up testing sits stands on a Manhattan street on October 26, 2021 in New York City.Spencer Platt | Getty Images The new, highly mutated omicron Covid-19 variant is ... Read more »

Treasury to kick off search for new Bank of England Court chair

Ministers will advertise in the coming weeks for a new chair of the Court of the Bank of England, one of the City's most influential positions, Sky News learns. Read more »

Flower seller Fleurop becomes Royal – Nieuws.nl

Photo: ANP Flower seller Fleurop has received the Royal designation in honor of its 100th anniversary. “We are truly honored,” said Anita de Hart, General Director of Royal Fleurop Interflora ... Read more »

Bulk deals | Societe Generale picks 0.58% stake in Karda Constructions; Marina IV offloads 0.69% in Redington

French financial services company Societe Generale acquired 36 lakh equity shares in Karda Constructions (0.58 percent) at Rs 16.65 per share via an open market transaction on the NSE as ... Read more »

Stocks making the biggest moves midday: Kroger, Boeing, Dollar General and more

A shopper holding an umbrella walks towards a Kroger Co. grocery store in Louisville, Kentucky, U.S., on Sunday, April 26, 2020.Stacie Scott | Bloomberg | Getty Images Check out the ... Read more »

Besi and other chip companies fall hard in AEX index

Read more »

State of relationship will reflect state of border: EAM on ties with China

New Delhi, The state of the relationship between India and China will reflect the state of the border, External Affairs Minister S Jaishankar said on Thursday, referring to the lingering ... Read more »

Stranded travellers face spending Christmas in quarantine hotels

A shortage of rooms designated for isolation on return from red-list countries means Britons having to extend their stays abroad - adding to costs and stress. Read more »

UIDAI working with World Bank, UN to take Aadhaar tech overseas

Representative image The Unique Identification Authority of India (UIDAI) is working with the World Bank and United Nations to replicate the Aadhaar architecture in other countries, a senior official said ... Read more »

6,936.6 hectares of land registered under DDA land pooling policy, says govt

Image Courtesy: Wikimedia Commons/A. Savin As many as 6,936.6 hectares of land has been registered under the Land Pooling Policy of Delhi Development Authority (DDA) so far and the portal ... Read more »

‘Beehive stronger after Thai takeover, V&D scenario averted'

Premium The best of De Telegraaf Through Edwin van der Schoot Updated 1 min ago12 min ago in FINANCIAL The Hague branch of the Bijenkorf, where Dior does not want ... Read more »

OPEC+ output decision due to balanced market, demand recovery, says Novak

According to the Russian deputy prime minister, such decision was made mainly due to the fact that the market was balanced, the demand was gradually recovering Read more »

Sebi relaxes minimum promoter lock-in norm for Ujjivan SFB, Ujjivan Fin Services for amalgamation

SEBI_Reuters Markets regulator Sebi has provided relaxation with regard to the minimum promoter lock-in norm to Ujjivan Small Finance Bank (SFB) and its promoter Ujjivan Financial Services, for the purpose ... Read more »

Norfolk Southern railroad names new CEO to take over in May

Norfolk Southern Corp. said its CEO will retire next spring, and it will promote one of its executives to replace him. The railroad said Thursday that Jim Squires will step ... Read more »

China hits back at cancelled WTA tennis events over missing player Peng Shuai

China said it rejected politicisation of sports Thursday after the head of the global Women's Tennis Association (WTA) announced that all tournaments in China would be suspended amid concerns over ... Read more »

IMF warns of 'economic collapse' unless G20 extends debt relief

The IMF on Thursday urged advanced economies in the G20 to extend and improve its debt relief initiative, warning that many countries face a dire crisis without the help. “We ... Read more »

Ford pickup remains America's top-selling truck for 45th year, automaker says

Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020.Rebecca Cook | Reuters DETROIT – Ford Motor's F-Series pickup ... Read more »

INSACOG has sequenced over 1.02 lakh SARS-CoV-2 genomes till November 25: Govt

(Representative image: Reuters) The Indian SARS-CoV-2 Genomics Consortium (INSACOG) has sequenced 1,02,880 genomes of the virus, the science and technology ministry said on Thursday. Responding to a question in Rajya ... Read more »

Boss of Singapore Lamborghini dealership arrested, out on bail

SINGAPORE (THE BUSINESS TIMES) – Luxury car distributor EuroSports Global said no charges have been made yet against its former chief executive officer (CEO) Goh Kim San, who was arrested ... Read more »

Omicron scare: Night curfew in Dadra and Nagar Haveli, Daman and Diu till December 31

Representative image: Reuters A night curfew has been imposed in the Union Territory of Dadra and Nagar Haveli and Daman and Diu as a precautionary measure to contain the spread ... Read more »

Central Vista Avenue project has achieved 60% physical progress, govt tells Lok Sabha

Redevelopment of the Central Vista Avenue that stretches from Rashtrapati Bhavan to India Gate and is expected to be completed by December 2021 is 60 percent complete, the Housing and Urban ... Read more »

Research: a third of cleaners have to deal with bullying and other undesirable behaviour

Many cleaners face discrimination in the workplace, according to research by trade unions and employers in the cleaning industry. More than a third of the surveyed cleaners say in the ... Read more »

Kolkata residential apartment registration slumps 62% in November

Real Estate The residential apartment registrations in Kolkata saw a sharp decline of 62 per cent in November this year compared to the corresponding period 2020, a leading real estate ... Read more »

Enron turned obscure businesspeople into household names. Here's where they are now

The sudden collapse of Enron, culminating in what was then the largest bankruptcy filing in U.S. history on Dec. 2, 2001, changed thousands of lives, damaged investor confidence to the core ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic