EGRNF News and Press, China Evergrande Group From 08/18/23

2023-08-18 11:48:42 ET Major Wall Street indices were mixed on Friday, with surging Treasury yields taking a breather, as sentiment was dampened by the turmoil in China's property sector and the growing likelihood of U.S. interest rates staying elevated for longer than expected. The Nas...

2023-08-18 09:14:45 ET U.S. stock index futures pointed to a lower open on Friday as surging Treasury yields continue to pressure stocks, with traders now increasingly convinced that interest rates will likely remain high for longer than previously expected. Here are some stocks to ...

2023-08-18 07:46:50 ET More on China Evergrande Group China Evergrande files for Chapter 15 bankruptcy in New York China Evergrande liabilities fall in 2022, but board sees doubt as 'going concern' Evergrande Property Services sees working capital sufficient through ...

2023-08-18 06:37:49 ET Summary U.S. home sales experience first monthly slump since April and interest rates rise. China Evergrande files for Chapter 15 bankruptcy protection in New York. CVS Health loses PBM contract, but reaffirms guidance and outlook. Listen below...

2023-08-18 05:59:37 ET The world's second largest economy is in a predicament and the property market stands at the heart of its troubles. Construction accounts for as much as a quarter of China's gross domestic product, but real estate reverberations are shaking up confidence and many are ...

2023-08-17 18:47:35 ET More on China Evergrande China Evergrande liabilities fall in 2022, but board sees doubt as 'going concern' Evergrande Property Services sees working capital sufficient through mid-2024 China Evergrande EV arm to pursue liability transfer for $...

2023-08-14 11:18:34 ET UAE-based electric car maker NWTN Inc. ( NASDAQ: NWTN ) Monday announced a strategic investment of $500 million to acquire a 27.50% stake in embattled property developer China Evergrande's Hong Kong-listed electric vehicle subsidiary. The deal signed betwe...

2023-07-26 16:26:47 ET Summary China's new stimulus policies, including rate cuts and subsidies for refurbishing and modernising existing apartment buildings, could benefit the construction materials industry, including iron ore producers like Rio Tinto. The Chinese government is ...

2023-07-17 11:40:23 ET China Evergrande's ( OTC:EGRNF ) total assets slid by 13%, outpacing its total liabilities decline of 5.5% in 2022, the debt-hobbled Chinese property developer disclosed in its long-delayed 2021 and 2022 financial statements. "Material uncertainties exist in r...

2023-06-06 07:42:42 ET Evergrande Property Services ( OTC:EVGPY ) ( OTC:EVGPF ) management said it expects the company will have enough working capital to meet its financial obligations through June 30, 2024, according to a filing made on Tuesday. As part of that opinion, the co...