Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
We still have time to act. Im going to access the one to know whats going on in roads. Now, a group of friends is getting ready for an unforgettable mind. Someone is in wiring. This beauty, this is rhodes. Now. Now is the time for you to book your trip to row rhodes. Once you love the new signs of trouble for chinas beleaguered Real Estate Market developer at Country Gardens suspense training on some of its on shore bonds suggesting repayment problems, markets are, are also on the show will hear from the c e o of ryan air says germanys high airport fees are hurting consumers by reducing choice and high temperatures across europe are putting more pressure on water supplies. Were looking at the industry is adapting the welcome to our show on Steven Beardsley in berlin. We begin with china and fresh turmoil, and its trouble Real Estate Market. Shares of one of the countrys top private developers, Country Garden plummeting monday, after suspended trading of 11 of its onshore bonds, suggest
Is a big reason why, bouncing back, 6 today, more than 6 as this rally picks up. Its about 15 to drop off in the last month or so. We will have more on that in a moment. Started the big deal if u. S. Steel sewing 30 , even though it rejected the takeover offer from cleveland cliff. Its unusual to see that kind of move. Whether this deal or a different one could be on the horizon for the original x, tyler. Stocks have been falling across asia. This is about real estate in china. Lets bring our friend dennis. He works with u. S. Companies doing business in china and has been warning about the troubled state of chinas economy, and this does nothing to improve that, does it, dennis . In part because real estate is such a huge percentage of the chinese economy. Tyler, 25 to 30 of chinas economy is real estate, so when you think about it, you take 25 to 30 of our economy, it went down, and how much that would be . You spoke about last week chinas really poor Economic Performance in q2. Ever
And why do Domestic Workers in indonesia have no Legal Protection from abuse by their employers . The either spanish youre welcome to dump, dont use a short logic to join us. Type ions Vice President has pledged to stand up to quote, the type of a po to tighten as a, as a speech in new york, we didnt, light is transiting the United States on his way to project where, where he attended the navigation of fits, new president by the way, is one of the only 13 countries that have several times the taiwan on sunday lie addressed a crowd of supporters in new york. The United States has payment this visit routine. And driving off, im always d delta correspondent james tier to in type a. James, we have live promise to an audience in new york that type of on will not color from the cold. So i have to fulfill the terrorism. How does the transit thing through the United States help taiwan do that . Well, over the past few years, we have seen an uptick in chinese intimidation of taiwan. The us is t
Indictment expected this week and now we burns, drama and paradise. Serenity at the president s beachhouse, asked about the about the maui tragedy, we are looking at it. Democrats anxious about this president , dean phillips went on nbc sunday to urge the president to pass the torch, move aside please. To the markets, dow industrial and s p and the nasdaq opening slightly lower this morning, a red ink this morning. Interest rates, the yield on the ten year moving up to 418 and the yield on the twoyear period slick close to 5 is now at 493 and going up, not good for the nasdaq, look at the price of gasoline closing in on 4 a gallon, 385 for the regular right now. In Washington State and California Well over 5 a gallon. Diesel, truckers and farmers, 4. 31 that is a 46 cents and one month. On the show today, wait for is taylor swift bigger than the beatles, we noticed whenever we mentioned her the ratings go up, jeff sica is pursuing a jihad against disney, why hasnt he sold the stock, be