China’s Green Garden suspends trading of onshore bonds from 14th Debt crisis | Reuters

2023-08-13 09:17:00 Chinese real estate developer Bei Gui Yuan will suspend the trading of 11 onshore corporate bonds from the beginning of the week on the 14th. It was revealed in a document submitted to the Shenzhen Stock Exchange on the 12th. A decision on resuming trading will be made at a later date. The … Read more

Single-family housing starts in March, up 2.7%, increasing for 2 consecutive months | Reuters

2023-04-18 13:31:00 WASHINGTON (Archyde.com) – Single-family home starts rose 2.7 percent to 861,000 in March, seasonally adjusted, the U.S. Commerce Department said on Wednesday. This is the second straight month of increase. The number of single-family building approvals also rose 4.1% to 818,000 units, suggesting that the worst of the housing market downturn is likely … Read more

China warns of real estate developer risks = government activity report | Reuters

The government work report, released on March 5 at the opening of China’s 14th National People’s Congress (NPC), warns that risks remain in the real estate market and promotes steady development in the sector. , to prevent disorderly business expansion by developers. FILE PHOTO: An apartment building construction site in Beijing, July 2022. REUTERS/Thomas Peter … Read more

Angle: Unexpected hotel rattle in Qatar, where the World Cup heats up | Reuters

DOHA (Archyde.com) – Qatar is facing a huge oversupply of accommodation during the World Cup. Over the weekend, searches on the official portal found at least 42 hotels with vacancies, and Airbnb also showed hundreds of available listings. Qatar is facing a huge oversupply of accommodation during the World Cup soccer tournament on November 25. … Read more

Angle: Rent soars in the United States, hitting young workers with poor savings | Reuters

(Archyde.com) – Rising rents in the United States have hit young workers with little savings, many of whom are trying to protect themselves by starting side jobs or looking for roommates to cover their rent. Soaring rents in the U.S. are hitting young workers with little savings. Meeb Kozlaak (23, pictured), a doctoral student at … Read more

China Evergrande Group’s overseas creditors formulate their own debt restructuring plan = FT | Reuters

Foreign funds that hold corporate bonds of China Evergrande Group, a major property developer in China, have put together their own debt restructuring plans. It is asking the chairman of the company, Hsu Jiayin, to repay the debt with his own funds. FILE PHOTO: Shenzhen, China September 2021. REUTERS/Aly Song (Archyde.com) – Foreign funds holding … Read more

China Evergrande, tentative proposal for offshore bond restructuring Exchange with shares of Hong Kong listed subsidiary | Reuters

On the 29th, China Evergrande Group announced a tentative policy of presenting a restructuring proposal including a stock exchange of two affiliated companies for foreign currency debts that have not been paid. Pictured is China Evergrande headquarters building. FILE PHOTO: Shenzhen, China January 2022. REUTERS/David Kirton [香港 29日 ロイター] – China Evergrande Group, a major … Read more

Angle: North Korean penthouse, elevator does not move and water does not come out | Reuters

[Seoul, 15th Archyde.com]–The specially designed luxury dwelling unit “Penthouse” built on the top floor of a condominium is a longing for people in many countries. But that is not the case in North Korea. The specially-designed luxury dwelling unit “Penthouse”, which will be built on the top floor of a condominium on April 15, is … Read more