Chinese developer Modern Land defaults on bonds; real estate stocks are falling

Men work on construction site in high-rise building in Beijing, China, October 18, 2021. REUTERS / Thomas Peter Modern Land mentions liquidity problems for non-payment NDRC meets with real estate companies on Tuesday Hang Seng mainland property index falls more than 5% HONG KONG / SHANGHAI, October 26 (Reuters) – Modern Land (1107.HK) has missed … Read more

EXCLUSIVE Turkish state banks are likely to follow the central bank and lower interest rates on Monday sources

A customer uses an automated cash register at a branch of Halkbank in Istanbul on 15 August 2014. REUTERS / Osman Orsal ISTANBUL, October 24 (Reuters) – Turkish state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people familiar with the plan following the … Read more

Evergrande, EV unit shares jump after chairman signals business change

A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong Province, China September 26, 2021. REUTERS / Aly Song / File Photo HONG KONG, October 25 (Reuters) – Shares in China Evergrande Group (3333.HK) and its EV unit rose on Monday as the developed real estate developer moved to prioritize … Read more