Money

The world’s most indebted real estate company reaches last minute deal

Published

3 years ago

September 23, 2021

China-based Evergrande Group has become known as the most indebted real estate company in the world – but there may be some better news on the horizon

The real estate giant has managed to reach a last-minute deal, delaying a potential collapse that experts feared could spark a global financial contagion.

Evergrande, which is China’s second biggest property developer, has managed to rack up staggering debts which have totalled over $432 billion AUD.

On Thursday, interest payments on two Evergrande notes – worth tens of millions of dollars – were due – and if Chinese company failed to ‘make good’ – as many experts had predicted – fears escalated that the collapse would lead to a credit crunch.

https://twitter.com/tickerNEWSco/status/1440802411698798594?s=20

That could have been a disaster for not just the Chinese economy, but global stocks too

However, just as the deadline loomed, the firm announced its main unit, Hengda Real Estate Group, had managed to reach an agreement which would allow it to make a coupon payment on its domestic bondholders on September 23.

While that has calmed concerns of an immediate collapse, the company could still end up defaulting later on, with the new deal essentially kicking the can down the road.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending