EGRNF News and Press, China Evergrande Group From 10/29/21

China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) makes a late payment on another dollar bond, buying itself time to work with creditors and try to restructure its debt. The debt-laden Chinese property developer, which owed $45M of interest on $951M of bonds due in 2024, made a coupon payment that...

Last week, Treasury bond futures reached 1.7064% in overnight trading, while the high for 2021 so far is 1.7760%. 5-year Treasury yields have long taken out their 2021 highs, and 2-year Treasury notes have tripled their yield in 2021. In general, longer-term maturities, like 10- a...

Between a domestic real estate bubble bursting, the Evergrande debt crisis, electricity power outages, plus negative service and manufacturing PMIs in September, China’s economic slowdown has been very swift. The practice of defaulting on foreign debt and trying to restructure ...

China Evergrande (OTCPK:EGRNF -2.6%) (OTCPK:EGRNY -6.1%) resumes construction on 40 projects in the Pearl River Delta region and expects to finish 32 of them by the end of 2021, Reuters says, citing local media reports. In the midst of a liquidity crisis, the big Chinese real estate deve...

China announced a plethora of macro data last week where all but retail sales missed expectations. News on the populous country continued to spell doom and gloom. Investors are sitting up and realizing 'the bark is worse than the bite' on China matters. The correction in the narra...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips So far this month, two factors have enabled shares in Chinese EV company Nio (NYSE: NIO ) to make their way back toward $40 per share. First, worries about investing in China have eased a bit. Issues like the Evergra...

Evergrande’s Chinese bonds have been paid off in some form which we don’t know, while their Dollar-denominated bonds have gone into default. Evergrande also guaranteed the bonds of Fantasia, which is nowhere to be found in any of Evergrande’s financial statements. ...

Chinese real estate stocks weakened on Monday after China proceeds with plans for a property tax just as the housing market slows markedly in the world's second-largest economy. Investments made by property developers declined 3.5% in September, the Wall Street Journal reports, citing China's...

The economic healing from the effect of Covid continues. The economic recovery in emerging markets (EM) countries remained strong throughout September 2021. One frustrating aspect of new regulation in China is the method by which changes to industry rules happen. So far this year,...

High-profile short-seller Jim Chanos said Monday that the rising militancy in China combined with the country's "precarious" financial situation creates "a 1930s kind of problem." In an interview with the Institute for New Economic Thinking, Chanos added that a meltdown of the real estate ind...