Connect with us

World

China’s Evergrande takes another billion hit

Published

on

One of the business units of China Evergrande, will need to pay 7.3 billion yuan

The Evergrande Group (Nanchang) Co has been asked to pay a guarantor of its liabilities.

The guarantor remains unnamed but provided a guarantee for the borrowings of certain entities controlled by the Chinese property giant.

the company had recently made plans to restructure its foreign debts, which is raising concerns among some commentators.

The embattled property developer is already failing to meet its debt obligations.

“As the borrowers failed to repay the loans, the applicant carried out its obligations under the guarantee and claimed against the subsidiary under the pledge.”

CHINA EVERGRANDE GROUP

It is understood the Nanchang unit provided counter-guarantees, which it held in Shengjing Bank.

Evergrande is selling its Hong Kong headquarters through a tender process, according to Reuters.

The China Evergrande Group is the second largest property developer China.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading

Business

New York Stock Exchange in free fall

Published

on

Human error sends the New York Stock Exchange tumbling

 
We’ve all made mistakes at the office from time to time, but spare a thought for one worker who may have single-handedly brought down the U.S. stock market with just one tiny error.

The mistake of one employee has wiped billions of dollars off the charts for some of the globe’s largest companies.

The individual reportedly triggered wild swings and volatility on the New York Stock Exchange

Big brand names were caught up in the catastrophe including McDonald’s, Walmart, and Mobil.

The NYSE came clean, admitting that the“root cause” of the screw-up was a “manual error” from a staff member in the backup data centre.

The employee accidentally left the back-up system running.

That’s why some stocks behaved as if trading had already started, with no opening prices being set, sending the market into a meltdown. #trending #featured

Continue Reading

Sport

Bombshell pro-Russian video emerges from Australian Open

Published

on

A bombshell video has emerged of the father of tennis star Novak Djokovic, amplifying the Russian controversy the Australian Open

 
Djokovic’s father was seen posing for pictures with a group of Putin supporters after his son won against Russia’s Andrey Rublev, to qualify for his 10th semi-final.

Russian flags have been banned from the Australian Open, but that didn’t stop one fan.

A man was seen holding a Russian flag with Putin’s face on it and wearing a t-shirt with the pro-war ‘Z’ symbol on it.

Four spectators were questioned by police and evicted from Melbourne Park.

After losing her semi-final, Belarusian Viktoria Azarenka hit back at media when pressed on tennis’ relationship with Russia’s war on Ukraine.

She told reporters incidents like Novak’s father posing with Russian fans have nothing to do with players.

Continue Reading

World

FBI Director discusses classified documents as U.S. lawmakers demand answers

Published

on

Bipartisan outrage on Capitol Hill as politicians say the Biden administration is stonewalling their quest for answers

FBI Director Christopher Wray is speaking out for the first time after several batches of classified documents were discovered in U.S. President Joe Biden’s Wilmington home and Washington think tank office.

On Thursday, Wray urged lawmakers and officials to be “conscious of the rules” when dealing with classified documents.

The statements appear to be a veiled criticism of President Biden after news broke that some of the classified papers in the President’s possession date back 14-years ago to when Biden was a Delaware Senator raising questions if this is a pattern for the president to mishandle classified information.

Meanwhile, on Capitol Hill, there is bipartisan outrage as lawmakers say the Biden administration is stonewalling them in their quest for answers.

Currently, both Biden and former President Donald Trump are facing special counsel investigations into their mishandling of classified documents—and just this week, former Vice President Mike Pence turned over classified documents to the DOJ.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2022 The Ticker Company PTY LTD