Business

Business

Evergrande, Kaisa cut by Fitch to default

Ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group. They stated that they had defaulted on offshore bonds. Also, Kaisa had started

Business

HSBC rides out China property storm

HSBC shrugged off concerns about pandemic-related bad loans and property problems in China. This is with a surprise 74% quarterly profit jump and a $2

Business

Carrefour Q3 sales slow

Carrefour ended talks over a possible tie-up with unlisted rival Auchan. They said it remained on the offensive as it kept a guidance for 2021