Business
Chinese Developer Country Garden Set to Avoid Yuan Bond Default
Sources have told Bloomberg that Chinese property developer Country Garden Holdings Co. is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week. Lorretta Chen reports on Bloomberg Television.
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Business
Ukraine Seeks Faster Patriot Production
Axios defense reporter Colin Demarest says President Donald Trump’s proposal to let Ukraine produce Patriot interceptors faces significant manufacturing, licensing and technology hurdles, making it unlikely to address Kyiv’s immediate air defense needs. He says shortages of advanced interceptors continue to raise broader questions about defense industrial capacity, while Ukraine’s rapid innovation in drones is reshaping how allies think about modern warfare.
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Business
Paramount-Warner Bros. Deal Challenged by California, States
A group of 12 states sued Paramount Skydance Corp. Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery Inc., alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television. Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust joins Bloomberg Businessweek Daily to discuss.
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Business
Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth
Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX
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Business
Maine Democrats Face Tight Senate Deadline
Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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Business
AI May Not Solve Demographic Decline
Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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@user-yy9hk9od9u
December 23, 2023 at 6:18 am
It's going to cause a bank run in China.
@ACK333
December 23, 2023 at 6:18 am
what causes the Organic Farmers freelands?
@lastChang
December 23, 2023 at 6:18 am
China's Evergrande and Country Garden loan defaults show investment into a Chinese entity is a very high-risk venture.
@ArabicReja973
December 23, 2023 at 6:18 am
Shocking numbers of China's Country Garden.
– It's China's largest property developer, 4 times bigger than Evergrande.
– The firm's $200 billion debt is bigger than the GDP of Greece.
– It has over 1 million of China's 32 million unfinished home, which is sufficient to house the population of Germany.
– It lost an eye-watering $7 billion for just first half of this year.
– Many of its workers haven't been paid for their work for the past 4 months.
– Many projects stopped, prompting buyer demontration mortgage payment cancelation,
– It couldn't pay onshore debt of $500 million and had to extend into payments over 3 years. Earlier, it couldn't even make $22.5 million interest payment of its offshore debts.
– It's facing 459 lawsuits, many involving missing contractor payments and delayed construction.
@user-qb4mo6uh5c
December 23, 2023 at 6:18 am
Another lesson for overseas investors in China
Do not invest anymore in China
@haroldlauron7894
December 23, 2023 at 6:18 am
God is REAL God is active
He speaks the TRUTH
Vivek " the TRUTH" for US President 2024!