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Debt-Saddled Country Garden Casts Shadow Over Beijing's Recovery Efforts
Wednesday, October 18, 2023 - 11:02am | 518Read More...Chinese real estate giant Country Garden Holdings Co. Ltd. (OTCPK: CTRYF) is unable to meet offshore debt obligations. The company was confronted with a looming deadline to make an interest payment of $15 million on Tuesday. This deadline arrived within a 30-day grace period after Country Garden...
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China's Country Garden Skirts Default, Dollar Bond Spikes 20%: Unresolved Risk Remains
Tuesday, September 5, 2023 - 9:26am | 724Read More...Bonds issued in U.S. dollars by China’s troubled real estate developer Country Garden Holdings Co. Ltd. (OTC:CTRYF) soared on Tuesday after the company made a last-minute interest payment following the end of the grace period. Grace Period Drama After missing the $22.5 million coupon payments...
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China's Top Developer Country Garden Races To Avert An Evergrande-Like Scenario
Monday, September 4, 2023 - 3:17pm | 681Read More...Country Garden Holdings Co. Ltd. (OTCPK: CTRYY), one of China’s leading property developers, is facing a pivotal moment this week. Boasting a colossal debt load of $187 billion, it bears the less-than-desirable distinction of being the globe’s most heavily indebted developer, with only...
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Larry Summers Says It Would Be 'Catastrophic' For US To Default On Debt: 'God, I Wish We Could Move Past This'
Thursday, January 19, 2023 - 2:28am | 532Read More...Former Treasury Secretary Lawrence Summers reportedly said it would be "catastrophic" and "inconceivable" for the United States to default on its debt. Summers comments come in the backdrop of a looming crisis as the day on which the debt ceiling is expected to...
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Ron Paul Should Be The Next President Of The United States
Thursday, June 16, 2011 - 6:38pm | 1286Read More...The United States of America may potentially be on the precipice of a Greek-style debt crisis within a few years, and our economy is increasingly looking like it may be at risk of entering another recession - and the Financial Crisis 2.0 could make the Great Recession look tame. Simply put, the Fed...
