As HNA snapped up assets across the world, it symbolised the arrival of China on a global stage. Now that’s unravelling.
The warning shows the embattled property developer’s liquidity crisis is worsening across its business.
The report puts Georgieva at risk of having her authority undermined weeks before a meeting of global finance chiefs.
More than 80,000 people bought wealth management products from Evergrande and fear they won’t see their money again.
Indebted developer, however, has not said whether it will meet two other interest payments, including one on Thursday.
Banks have raked in record fees, all the more significant in what has been a harrowing year as the virus ravaged India.
With Beijing not showing any signs of stepping in to help the developer, concerns over spillover risks remain high.
US has been frustrated since India’s central bank banned new card issuance on back of breaking data-storage rules.
As Evergrande scrambles to raise funds to pay off debt, regulators warn of broader risks to China’s financial system.
We gather the numbers to know from the week’s biggest economic news stories so you can impress your friends.
Cabraal says he is not keen on an international bailout even as he has to resolve Sri Lanka’s depleted forex reserves.
Nikhil Kamath, co-founder of India’s largest trading platform, says the stock market is ‘very evidently a bubble’.
The money-transfer firm suspended services in Afghanistan two weeks ago after the Taliban captured Kabul.
Several big tech firms are now focusing on digital payments in India as online transactions surged during the pandemic.