According to sources familiar with the matter at hand, China Evergrande’s offshore bondholders have yet to receive their due coupon payment by the close of Asia business on Wednesday, despite the cash strapped Chinese developer reaching a $1.5 billion debt… Read More ›
The ratings of heavily indebted Chinese developer Evergrande Group and its subsidiaries was downgraded to “CCC-“, down from ‘CCC+” by S&P Global. This is its second downgrade in less than two weeks. Evergrande along with its subsidiaries Hengda Real Estate Group… Read More ›
Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›
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