Chinese real estate developer Evergrande suffered a default

This is the first default for the Chinese real estate giant Evergrande, strangled by an abysmal debt of around 260 billion euros. HECTOR RETAMAL / AFP This is the latest twist in the real estate crisis in the world’s second-largest economy. At a time when their financial health worries the markets, two Chinese real estate … Read more

Evergrande, the indebted Chinese promoter, avoids a default

The Evergrande Center building in Shanghai, September 22, 2021. HECTOR RETAMAL / AFP Evergrande is currently avoiding payment default. The ultra-indebted Chinese promoter, whose bankruptcy could shake the country’s economy, made a payment just before a deadline, state media announced on Friday (October 22nd). The real estate group, one of the largest in China, is … Read more

US Congress finds deal to raise debt ceiling and avoid default

Senate Majority Leader Chuck Schumer with reporters on Capitol Hill October 7, 2021, in Washington. DREW ANGERER / AFP The United States has temporarily removed this threat. An agreement has been reached in the US Congress to avoid a potentially catastrophic default by the United States, announced Thursday (October 7th) the Democratic leader of the … Read more

Government warns of default in October

Aou in a phase in which the economic recovery in the United States is stalling, uncertainty about the increase in the debt limit by the American Congress weighs on the financial markets and the economy. Treasury Secretary Janet Yellen has written another warning letter to MPs, announcing that the government will likely run out of … Read more