China Evergrande shares tumble 25% after wealth management staff detained
Monday, 18 September 2023 Shares of China Evergrande Group, the world's most indebted property developer, dropped 25% after police detained staff at its wealth management unit. The investigation adds to the company's troubles, as it is already at the center of a crisis in China's real estate sector. Evergrande has faced a string of defaults since late 2021, causing concerns about contagion and rattling global markets.
Former Chief of Army Staff General Manoj Naravane (retd) took a pointed jab at China on Tuesday in response to the recent release of its 'official map,' which makes expansive territorial claims,..
China's Restrictions , on iPhones Send , Apple Shares Tumbling.
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Evergrande, the world's most indebted property developer, is currently undergoing a debt restructuring process and has delayed a decision on offshore debt... IndiaTimes