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Troubled Evergrande Group sued by Hong Kong agents

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3 years ago

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Two Hong Kong property agencies are suing the China Evergrande Group over unpaid commissions

It piles pressure on Evergrande, a Chinese-based developer, as it scrambles to raise funds and avoid collapse.

Centa-Line filed a suit against Evergrande in September to recover 3.1 million Hong Kong Dollars in overdue commissions.

Midland Holdings is claiming unpaid commission for two developments in Hong Kong.

Evergrande has vowed to repay its suppliers and contractors in mainland China as soon as possible.

But in some cases, offering apartments or other real estate assets as construction has been halted because of the delayed payments.

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Will Australia’s foreign investment rule create an economic boost?

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3 hours ago

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May 7, 2024

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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1 day ago

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May 6, 2024

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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1 day ago

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May 6, 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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