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BBCNEWS World July 4, 2024

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
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BBCNEWS World July 4, 2024

Rather than russias. Now, if the proposed strikes take place, then europe could face an energy crisis. The International Energy agency has revealed that lng now makes up 35 of europes Energy Supplies not far off the 40 contribution that russia made, before it was sanctioned over ukraine. Nitesh shah is head of commodities and Macroeconomic Research at wisdomtree europe. Thank you forjoining us here on the programme. We are waiting obviously to hear the outcome of whether these strikes take place or not but the fallout could well be significant . Yes, the relative calm in the Global National gas market has been broken by this threat of strikes in australia and its largely because europe has become much more reliant on
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Michigan rural emergency hospital sold

Michigan hospital becomes first in state to transition to rural emergency hospital status, now sold to for-profit entity. Bond repayments of $8.5 million released also. ....

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BBCNEWS World Business Report June 4, 2024 04:33:00

Larger company. it warned in the last couple of weeks it was going to make an $8 billion loss in the first half of this year and for any of you remember the trials and tribulations you might have ptsd. they told bondholders they might not be able to service the bond repayments. this was the start of evergrande s troubles. we have seen the shares up but they have a lot their value in the past month and the issue is the unfinished projects that you mention. basically, people buying properties of the plan, seen construction falter and buyers stopping paying the mortgages and that further causing financial stresses for these developer countries that it must be set as well that these developers and the property sector makes up about one third of the chinese economy so it is a really pivotal sector, creating fears of contagion on what these potential collapses and defaults may mean for the rest of the economy and china s economy is struggling at the ....

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BBCNEWS World Business Report June 4, 2024 10:38:00

It s the latest chinese property firm to run into trouble, as the sector struggles with weak demand. here s our asia business reporter, katie silver, with the details. it s certainly a fall from grace for one of china s biggest property developers. country garden s share price is at a record low. it s now worth a 20th of what it was five years ago. it s trading as a penny stock. on friday, the company said it could see losses of almost $8 billion for the first half of the year and that it had missed key bond repayments. over the weekend it said it would stop trading ii of its bonds. this is usually a sign that it might be about to seek extensions on these repayments. this is all too soon for the market, which is no doubt feeling deja vu. the wounds from a similar crisis of the developer evergrande just 18 months ago are still fresh and the property sector is particularly important for china. it s notjust about economic growth, although it s certainly that. it makes up about a third of ....

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