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Tag: problems

Shimao says it’s in talks for property sales to help with debt problems

An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday...

China’s property problems spread to once-healthy developers like Shimao

InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020.Costfoto | Future Publishing | Getty ImagesBEIJING — One of China's healthiest real estate developers has reportedly defaulted, a sign...

Inflation amplifies problems for EM countries like Kazakhstan: Analyst

Kazakh law enforcement officers gather in a square during a protest against LPG cost rise following authorities' decision to lift price caps on liquefied petroleum gas in Almaty, Kazakhstan January 5, 2022.Pavel Mikheyev | ReutersRising food and fuel prices pose serious challenges for...