China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
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Nickel supply shortfall propels Chinese EVs to look for join ventures
Analysts have warned if Chinese-led projects in Indonesia fail to deliver, the likely hood of a shortfall in nickel will increase. On Thursday, an executive from Chinese battery and electric car maker BYD CO Ltd disclosed, securing sufficient quantities of… Read More ›