Chinese Developer Evergrande Misses A Major Interest Payment. Is China's Economic Crisis About To Get Worse? - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Chinese Developer Evergrande Misses A Major Interest Payment. Is China's Economic Crisis About To Get Worse?, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Chinese Developer Evergrande Misses A Major Interest Payment. Is China's Economic Crisis About To Get Worse?
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Chinese Developer Evergrande Misses A Major Interest Payment. Is China's Economic Crisis About To Get Worse?

 

BBC: Evergrande: Investors in the dark over $83m bond payment 

Investors were left in the dark after troubled property giant Evergrande missed a deadline for a $83.5m (£61m) interest payment. 

The Chinese firm is yet to make an announcement regarding the payment, which was due on Thursday. 

Earlier in the week, the company said it had struck a deal over another interest payment worth $35.9m. 

Global markets have been rocked by concerns over the firm's ability to support its more than $300bn of debts. 

Evergrande's fell by almost 12% in Hong Kong on Friday after jumping more than 17% the previous day. 

Read more ....  

WNU Editor: This missed payment is very worrisome. A 30 day grace period is now in place. We will know in the enxt 30 days if Evergrande can meet its interest payments.If it cannot. Wow! This will become bad very quickly. 

Update: More evidence that China is experiencing a liquidity crisis .... China Adds $71 Billion in Cash in Past Week to Calm Nerves (Bloomberg). 

 More News On China's Growing Economic Crisis  

China Evergrande stares into the void as interest deadline passes -- Reuters  

China's Evergrande bondholders in limbo as debt deadline passes -- France 24  

China Evergrande keeps dollar bondholders guessing on key interest payment -- FOX News/WSJ  

China Evergrande: from 'controlled demolition' to near-certain default and state takeover, money managers outline views on unfolding debt crisis -- SCMP  

What is Evergrande? The Chinese property giant behind global sell-off fears -- NBC

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