Latest News

China's Evergrande: what happens next after liquidation order?
China's Evergrande: what happens next after liquidation order?
Economy
by  AFP

A Hong Kong court on Monday issued a winding-up order for Chinese real estate giant Evergrande, as the embattled firm teeters on the brink of bankruptcy. Evergrande was once China's biggest real estate firm, a giant in a sector that ballooned as property became the foundation of a burgeoning middle class's growing wealth.

Oil rises on fresh Middle East fears, equities advance
Oil rises on fresh Middle East fears, equities advance
Economy
by  AFP

Oil rose Monday on fresh Middle East fears as Joe Biden pledged to retaliate after Iran-backed Huthi rebels killed three US service members in a drone attack, while equities were boosted by China's latest move to support its troubled markets.