Business World

Evergrande: Real-estate giant wreaks havoc on Hong Kong’s market; it’s bankruptcy could stall China’s economy

Chinese real-estate giant Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted developer faces a key test this week. Major banks have reportedly been told that they won’t receive interest payments on loans that are due Monday, while interest payments of $84 million on the firm’s […]