China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, sources have told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given “window guidance” – verbal orders that leave no paper trail – to the banks, setting a date of…
HONG KONG/SHANGHAI/BEIJING, Dec 2 (Reuters) – China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators have given ‘window guidance’, or verbal orders that leave…
BENGALURU, Dec 2 (Reuters) – The highest bid India’s Reliance Capital (RLCP.NS), which is undergoing insolvency proceedings, received was 60% below its aggregate liquidation value, the Anil Ambani-led company’s administrator has let its lenders know, the Economic Times reported on Friday. The Reserve Bank of India superseded the board of Reliance Capital last year, saying…
HONG KONG, Dec 1, 2022 – (ACN Newswire) – – It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a…
A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. Getty Images | Saul Loeb A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that…
NEW YORK, Dec. 1, 2022 /PRNewswire/ — Altimeter Growth Corp. 2 (NYSE: AGCB) (the “Company”) announced the following today: The Company anticipates that the Company cannot consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association Accordingly, the Company intends to dissolve and liquidate in…