Serie A champions Inter Milan join rival A.C. Milan on the list of clubs seized by US-based investment funds, after Chinese owner defaulted on a loan of about 395 million euros.
While court order reportedly has recognition in some parts of China, the question is how far would Chinese courts recognise attempts to seize assets of indebted property developer.
For investors wary of China, looking at India makes sense. At more than $300 billion, Evergrande's liabilities alone are more than twice the size of India’s entire corporate bond market.
For China, the risk of contagion far outweighs any potential damage from an Evergrande collapse on its own. Around 1.6 million homebuyers have put deposits on Evergrande apartments.
A modified script may now need to be written on China, which has emerged as world’s second-largest economy, and a challenger to the United States in economic and strategic clout.
Evergrande said it is unable to sell its assets fast enough in order to repay a mounting debt of $305bn. This was followed by company's shares plummeting, down by nearly 12% Tuesday.
India cannot be blasé about change in any important capital in the world. Let's look at five key areas where US policy matters for India and how it may vary between Harris and Trump.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS