Evergrande’s second-biggest shareholder, Chinese Estates Holdings, is selling its entire 6.5% stake in Evergrande with a loss of about $1.2 Billion.
There is speculation that the CCP will take control and restructure Evergrand.
Who are Evergrande’s biggest Bondholders and can they afford a significant loss from their Evergrande investments? Is a 1% portfolio exposure that big a deal?
#Bunnings #Lockdown #AusPol With Bunnings forced to close, it’s getting serious. References https://www.news.com.au/finance/business/retail/nsw-cases-and-sydney-restrictions-bunnings-forced-to-close/news-story/106d9997c99fa465b62e5a94e79ed6fe
Property is booming even during the lockdowns and after our first recession. Can anything stop Australian Property?
We’re looking at a future in Australia in which it will be socially acceptable to discriminate against people based on their vaccination status.
Is a second recession inevitable?
Victoria’s Lockdown has been extended.
Over $2 million Australians are set to receive a pay rise as the minimum was is increased by $18.80 per week.
Trump Brands Bitcoin a scam & calls for regulation.