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Evergrande Chairman Buys $1 Billion Of Its Debt In Rare Move - Latest News

UPDATE 1-China's Evergrande plans to cut structured loans by 20 pct in H2

The move may ease analysts’ concerns over Guangzhou-based Evergrande’s leverage. While the firm has a medium-term goal of 70 percent for its ... Chairman Hui Ka Yan told the earnings conference a high ... read more

Evergrande head uses $1bn of own money to buy company bond

HONG KONG -- Hui Ka Yan, chairman of China Evergrande Group, the mainland's most indebted real estate developer, has used $1 billion of his own money to buy debt issued by the company at steep 13% int... read more

After numerous claims and counter-claims with Evergrande, FF is finally able to chart its own course for development, toward an uncertain future

In return, FF was required to give 45 percent of its equity to Evergrande Health. As of May 25, 2018, Evergrande Health had paid $800 million to FF. By July 2018, FF used up the $800 million and asked ... read more

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Weekly Commentary: Q2 2018 Z.1 Flow Of Funds

Federal debt rose SAAR $1.186 TN ... on $200 billion worth of Chinese imports, with those duties rising to 25% at the end of the year… Ross said… regarding the expected move, that China is 'out of bul... read more

Evergrande dips on refinancing

Shares of China Evergrande (3333) fell 1.11 percent as it tried to use the sum raised from its latest note offering - said to be around US$3 billion (HK$23.3 billion) - to cover debt from ... but in a ... read more

Here’s How U.S. Businesses Actually Used Their Tax Cuts

On Jan. 1 ... rare move of boosting its matches to retirement accounts. Personnel costs increased 21 percent from a year earlier, tied to a larger head count and higher incentive compensation, Visa sa... read more

Takeda completes buyout of Shire to become top 10 global pharmaceutical firm

The Japanese drugmaker, known for its expertise in oncology, gastroenterology and neuroscience, aims to boost sales in medicines for rare ... at least $1.4 billion a year by fiscal 2021, it will also ... read more

Evergrande Naysayers Should Tread Carefully

China Evergrande Group ... bond sale, with Chairman Hui Ka Yan putting $1 billion of his own money into a $1.8 billion issue (despite very high interest rates), did nothing to allay concern that the f... read more

China Evergrande reports 2016 net profit up 1.6 pc to 17.6b yuan

China Evergrande ... 1.5 billion dual tranche issued earlier in the week. The arrangement was to refinance existing short-term debt with long-term debt, Xia said. Evergrande chairman Hui Ka-yan added ... read more

The Daily 202: The new Russia revelations are more consequential than Trump’s newsless immigration speech

Treasury made its announcement on Dec. 19. -- In related oversight news, House Judiciary Committee Chairman Jerrold Nadler is preparing ... Post journalist Jason Rezaian is seeking $1 billion in damag... read more

Weekly Commentary: Canary In The Credit Market's Coal Mine

In the event of a major liquidation, who will step up to buy? November 16 - Fitch Ratings ... rate in seven years… Total household debt, driven by a $9.1 trillion in mortgages, is now $837 billion hig... read more

Chinese developer Evergrande tightens belt after a decade of audacity

With one of the highest debt levels among Chinese developers, Evergrande has realized that its old formula for success ... The decision by the company's billionaire chairman, Xu Jiayin, to subscribe t... read more

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