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.
The UN’s chief painted a grim picture of a divided and polarised world and urged solidarity among nations.
Cash-strapped Evergrande missed payments to 2 of its largest bank creditors, sources tell Bloomberg.
With Beijing not showing any signs of stepping in to help the developer, concerns over spillover risks remain high.
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.
Heavily indebted Evergrande is teetering on the edge of a meltdown that could send shockwaves through China’s economy.
Will Chinese authorities allow Evergrande’s creditors to suffer major losses, or intervene in some way?
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’.
China has built ports in Myanmar, Sri Lanka and Pakistan. Can India counter Beijing’s economic diplomacy?
Situmbeko Musokotwane faces the daunting task of pulling country out of a protracted debt crisis, prioritises IMF talks.
The government will hold back $500m of the $961m IMF funds to support the currency which has plunged.