Filing for bankruptcy protection will allow the heavily-indebted Evergrande to protect its assets in the US as it works on a multi-billion dollar deal with creditors. The company defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. The move comes as problems in China's property market add to concerns about the world's ... Show More
Yesterday
Trump's 50% tariff on India kicks in
Indian exporters now face 50% tariffs on goods heading to the US. We hear how they’re coping.Also, Europe’s car industry says the EU’s green plan to cut emissions could actually backfire.And over in America, Cracker Barrel tried to give its famous logo a makeover, but after an on ... Show More
26m 29s
Oct 2021
A Threat to China’s Economy
Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.Evergrande has the distinction of being the world’s most debt-saddled ... Show More
30m 25s
Aug 2022
Money Talks: Land, locked
Mortgage boycotts that began in Jiangxi, China have spread to nearly 100 cities across the country, threatening over 320 real estate projects. They add more trouble to a property market that was already in turmoil and portend future pain in the world’s second largest economy.
On ... Show More
39m 11s
Aug 2022
Money Talks: Land, locked
Mortgage boycotts that began in Jiangxi, China have spread to nearly 100 cities across the country, threatening over 320 real estate projects. They add more trouble to a property market that was already in turmoil and portend future pain in the world’s second largest economy.
On ... Show More
39m 11s
Sep 2021
Evergrande and China's property woes
China's second largest property developer, Evergrande, is at risk of financial collapse, saddled with billions of dollars of debt. It's already defaulted on some bond repayments and has been forced to sell off assets; both Chinese and international investors are worried and Beiji ... Show More
17m 28s
Jun 2020
SoftBank financing, White House on unemployment benefits, French industry
SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Vision Fund, the White House is opposed to extending coronavirus-related federal unemployment payments because it believes ... Show More
9m 24s