Thursday , November 28 2024

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China Evergrande ordered to liquidate, owing $300B

China Evergrande ordered to liquidate, owing $300B

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion of total liabilities, sent a …

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Foreign investment flows into Việt Nam increase 40% in January

  Electronics components are produced at Japan-invested INOAC Viet Nam Co in Hà Nội’s Quang Minh Industrial Zone. —VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam lured over US$2.36 billion worth of foreign investment in January, a rise of 40.2 per cent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and …

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