liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei
Stocks Notch New Record in Broad Rally Major indexes continue climbing despite tempered hopes for Fed rate cuts.
Fed s Barkin says recent progress on inflation might be a head fake .
S&P 500 futures hold the line ahead of another batch of earnings and Fedspeak U.S. stock futures pointed to a mildly mixed start just shy of record highs on Wednesday as bond markets were. -February 07, 2024 at 09:16 am EST
- MarketScreener
Fed s Barkin says recent progress on inflation might be a head fake It is prudent for the Federal Reserve to take its time with interest-rate cuts, Richmond Fed President Tom Barkin tells.
U.S. trade deficit fell in 2023 to the lowest level in 3 years and boosted GDP The U.S. trade deficit rose slightly in December, but the annual gap still fell to the lowest level in three years.