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China Evergrande Winding-up Hearing in Hong Kong Adjourned Again

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A Hong Kong court again pushed back a decision on whether China Evergrande Group, the world’s most-indebted property developer, should be wound up. The proceedings have been adjourned to Jan. 29. Lorretta Chen reports on Bloomberg Television.
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10 Comments

10 Comments

  1. @richardyoung834

    December 11, 2023 at 1:39 pm

    China # 289

  2. @trevorleechantlc

    December 11, 2023 at 1:39 pm

    How about building a Boxabl factory and creating REITs with dividends?

  3. @LivingWithGout

    December 11, 2023 at 1:39 pm

    Uncontrollable collapse of an entire Chinese real estate sector.

  4. @mistercornjulio5994

    December 11, 2023 at 1:39 pm

    It’s all controlled by the CCP.

  5. @ArabicReja973

    December 11, 2023 at 1:39 pm

    Shocking numbers of China's Evergrande are only the beginning, not the end, of a Great Fall of China 🇨🇳:
    – Evergrande's $340 billion debt is more than the GDP of Vietnam.
    Empty apartments, mostly unfinished, are sufficient to house the population of Germany.
    – The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of 40 countries.
    – It lost 80% of its market value on the first day of resumed trading after 16 months of absence.

  6. @lastChang

    December 11, 2023 at 1:39 pm

    Winding-up hearing on China's Evergrande to be decided in Hong Kong court
    is like the Sinaloa cartel to decide on El Chapo's fate for drug trafficking. Lol

  7. @MediaWest

    December 11, 2023 at 1:39 pm

    ccp has so much wrapped up in speculative real estate, and its a giant ponzi, about to crumble. there are fractures all over china. a large portion of china gdp is this false economy. it aint going to be pretty. fire sale is right.

  8. @swedesam

    December 11, 2023 at 1:39 pm

    So, basically garbage.

  9. @tedrohe9048

    December 11, 2023 at 1:39 pm

    Never trust or invest in the CCP in China and their corporations or debt.

  10. @user-qb4mo6uh5c

    December 11, 2023 at 1:39 pm

    Give the government more time for to make vows and promises
    If it were true that the Chinese government had allocated billions to the property market 2 weeks ago evergrande would have revealed this at todays hearing
    Broken promises to fool the markets

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Chipotle CEO on Restaurant’s Expansion Into Mexico

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Chipotle Mexican Grill, under the leadership of CEO Scott Boatwright, is set to open its first restaurant in Mexico later this week, marking a significant milestone in the company’s international growth. The initial location will be in Monterrey, with plans to expand to Mexico City by 2027. Boatwright emphasized the importance of Mexico to Chipotle’s global strategy, highlighting the brand’s respect for Mexican culinary heritage and its focus on fresh, same-day prepared ingredients. He speaks with Romaine Bostick & Katie Greifeld on “The Close.”
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TSMC Beats Estimates Amid Sustained AI Demand

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TSMC posted quarterly profit that beat estimates. The main chipmaker for Nvidia Corp. and Apple Inc. reported a rise in net income for the June quarter to NT$706.6 billion ($22 billion), surpassing the average estimate of NT$623.7 billion. The steady growth highlights the company’s central role in producing the vast majority of the world’s most advanced chips for data centers and smartphones. Bloomberg’s Stephen Engle reports.
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Why SpaceX’s Governance Has Driven Away Some Pension Funds

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SpaceX’s record-setting IPO gave public investors access to one of the world’s most valuable companies, but not equal voting rights. CEO Elon Musk holds just over 40% of the company’s equity while controlling more than 80% of the vote. IPO adviser Lise Buyer says dual-class shares can protect founders from short-term market pressure, but Harvard Law School’s Lucian Bebchuk warns that SpaceX’s structure goes much further, raising risks around accountability, succession, conflicts of interest, and shareholder value. Some investors, including Danish pension fund AkademikerPension, have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give superstar founders.
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Where to Invest 10 Lakh Rupees Amid a Fragile Recovery

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Indian markets are showing signs of recovery, but volatile oil prices, a delayed monsoon, and uneven stock valuations could eat into those gains.

Against the fragile calm, four financial experts point to investment opportunities.

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Bloomberg Surveillance 7/14/2026

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.

Chapters:
00:00 Bank Earnings, CPI & Fed Outlook — Bloomberg Surveillance
04:37 Bank Earnings, Wall Street & Capital Markets — Christopher Verrone, Strategas
19:03 Strait of Hormuz Blockade, Oil Prices & Iran — Victoria Coates
30:36 JPMorgan Earnings, Bank Outlook & Year Ahead — Gerard Cassidy, RBC Capital Markets
40:51 Who Is Winning Bank Earnings? Bank of America & Wall Street — Gerard Cassidy, RBC Capital Markets
54:33 Buy the Dip, AI CapEx & Market Outlook — Venu Krishna, Barclays
01:07:57 Trump’s Hormuz Strategy, NATO & Middle East Risks — Henrietta Treyz, Veda Partners
01:17:27 Goldman Sachs Earnings, Regional Banks & Credit — Chris Marinac, Brean Capital
01:29:37 Fed Rate Hikes, Inflation & Monetary Policy — Bill Dudley, Former New York Fed President
01:41:49 Fed Hikes Unlikely, Inflation & July Meeting — Seth Carpenter, Morgan Stanley
01:57:10 Q2 Tailwinds, JPMorgan & Bank Outlook — Chris Marinac, Brean Capital
02:01:07 CPI Falls for First Time Since 2020, Warsh Stresses Price Stability — Michael McKee, Bloomberg
02:09:06 CPI, Supply Shocks & Fed Patience — Tiffany Wilding, PIMCO
02:19:24 Consumer Economy, Fed Policy & Interest Rates — David Kelly, J.P. Morgan Asset Management
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