Embattled property giant China Evergrande is "highly likely" to default after testing times early next year, according to S&P Global ratings.
Xu Jiayin, the founder of China Evergrande Group, has sold personal shares, villas, mansions and private jets to inject cash into the embattled property development giant, according to China State Media.
New data shows China's reliance on nuclear energy has continued to increase exponentially as the nation grapples with unprecedented power shortages.
Senior executives of real estate companies have been summoned to Beijing for a hastily arranged meeting, according to local media.
Bank of America Private Bank CIO, Chris Hyzy has shared his organisation's projections on how global equities will be impacted in the coming months by the global supply chain chaos.
TSMC has confirmed it will build a new semiconductor manufacturing foundry in Japan, with support of the Japanese Government which is looking to secure leading-edge chips for Japanese multi-nationals.
When it comes to EV sales, Australia is lagging the world. EVs currently account for only around 0.7% of new car sales in Australia, while a recent study found 39% of Australians would not consider buying an EV for their next car purchase.
The U.S. Federal Reserve's current approach to monetary policy is setting the stage for "substantial difficulty", according to a former U.S. Treasury secretary. Meanwhile the IMF is also warning that inflation could lead to social instability and food…
Over the past month, key Indian indexes have climbed to new record highs and some of the nation's greatest enterprises have reported stellar results. So, where to now for the Indian market?
Evergrande contagion fears have intensified in recent days as the Chinese Government is seeks a solution to mitigate a collapse that would leave millions of residents out-of-pocket. However, an investor who overseas almost a trillion dollars in assets says…