Tags : international market update

Breaking News

International News and Market Update: Evergrande shares slide after it

Debt-ridden property developer China Evergrande is set to raise about $273 million from the sale of its remaining stake in film production and streaming company HengTen Networks. This is according to a statement released before the stock market opened on Thursday. Evergrande, the largest issuer of U.S. dollar debt among Chinese property developers, was on the verge of officially defaulting this year. The company has made eleventh-hour payments and resumed building apartments owed to buyers. But that's only a fraction of what the company owes. Read more.

Breaking News

International News and Market Update: Shell to move headquarters to

Royal Dutch Shell has announced plans to move its headquarters to the UK as part of proposals to simplify its corporate structure. The oil giant will ask its shareholders to vote on moving its tax headquarters from the Netherlands to the UK. It also wants to ditch its dual share structure in favour of a single class of shares to "increase the speed and flexibility" of distributions to shareholders. Read more.

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