Rounding up top investing articles from around the web, including articles shared in our Reddit Community:
r/SingaporeInvestments.
Financial regulators in Beijing issued a broad set of instructions to China Evergrande Group, telling the embattled developer to focus on completing unfinished properties and repaying individual investors while
avoiding a near-term default on dollar bonds.
In a recent meeting with Evergrande representatives, regulators said the company should communicate proactively with bondholders to avoid a default but didn’t give more specific guidance, a person familiar with the matter said.
The developer has an US$83.5 million coupon due Thursday (Sept 23), with a 30-day grace period to make the payment.
Individual investors, homebuyers and suppliers have
staged protests at Evergrande offices across the country, while markets from Hong Kong to New York have convulsed this week as traders weighed the prospect of financial contagion from the world’s most indebted developer....
