Money

China’s Evergrande given “final” deadline

Published

7 months ago

October 31, 2023

ticker NEWS

The winding-up hearing for China Evergrande Group has been postponed as the embattled property giant strives to secure a new debt deal.

The development comes amidst ongoing concerns about the company’s financial stability and its ability to meet its debt obligations.

The adjournment of the hearing, initially scheduled for today, was announced after Evergrande informed the court of its ongoing negotiations with creditors to restructure its substantial debt. The postponement grants the company additional time to reach an agreement that could avert a potential liquidation.

Evergrande, once the poster child of China’s real estate boom, has been grappling with a massive debt burden, prompting fears of a contagion effect on the broader economy. The company’s financial woes have raised concerns about the impact on homebuyers, suppliers, and global financial markets.

This delay in the winding-up hearing highlights the complexity of the situation and the high stakes involved. Investors, creditors, and the Chinese government are closely watching the outcome of these negotiations, which could have far-reaching consequences for the property market and China’s economy. #featured

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