Evergrande lose but lift title in Scolari’s last game
By Reuters
04 November 2017 |
2:30 pm
Evergrande lose 2-1 but Felipe Scorlari celebrates final game in charge by lifting Chinese league title.
In this article
Related
Related
3 Jul 2017
Luiz Felipe Scolari's Guangzhou Evergrande suffer a rare league defeat as they lose 4-3 at Fabio Cannavaro's Tianjin Quanjian.
29 Jul 2017
Table-toppers Evergrande beaten in derby.
4 Nov 2017
Evergrande lose 2-1 but Felipe Scorlari celebrates final game in charge by lifting Chinese league title.
16 Sep 2021
China Evergrande, once the country's second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic.
3 Oct 2021
The property company's financial plight comes as the Communist Party cracks down on business and tightens its control of the economy. Evergrande's fate and that of its founder, hang in the balance.
28 Sep 2021
This week at United Nations headquarters in New York, Joe Biden sat down with Australian Prime Minister Scott Morrison. The meeting came at a time when France, Washington's oldest ally, had recalled ambassadors to both countries – an unprecedented reaction to the blindside of a dropped submarine contract with Canberra and a surprise military alliance that brings in the UK and shuts out Paris.
4 Oct 2021
The Hong Kong Stock Exchange did not say why it has suspended trading in Evergrande shares, but there is speculation that another major developer may buy out the company's property management unit.
5 Dec 2021
Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.
5 Dec 2021
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
13 Dec 2021
Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.
9 Dec 2021
The Chinese property giant Evergrande has missed a key debt deadline and is inching closer to a possible restructuring. Financial Analyst Danni Hewson explains why the meltdown isn't sparking turmoil on global stock markets. Also in the show: the Carbon Disclosure Project releases its 2021 ranking of sustainable business practices.
17 Jan 2022
China is bracing itself for the possibility property group Evergrande could default on its huge $300 billion debt pile. Many of Evergrande's creditors are ordinary Chinese who may lose much of their life savings.
Latest
2 hours ago
The five-day negotiations in Riyadh marked the latest hopeful sign since Yemen's devastating war began in 2014.
2 hours ago
Baku's Defense Ministry earlier blamed six deaths in the breakaway Nagorno-Karabakh region on Armenian separatists. It comes three years after a war with neighboring Armenia over the region.
3 hours ago
Germany's president is in Italy amid tensions between Rome and Berlin over migration. He and his Italian counterpart appealed for a peace deal in flood-hit and wartorn Libya, one of the key launching points in Africa.
3 hours ago
On Inside Stuff with Martins Oloja, the multi-award-winning journalist and Editor-in-Chief of The Guardian this week, asks Nigerians to stop serving the God of small things.
5 hours ago
Malnutrition and disease in the midst of a violent conflict have claimed thousands of young lives. UNICEF has warned that many thousands more are likely to die.
5 hours ago
Azerbaijan's breakaway Nagorno-Karabakh region has been cut off from much-needed supplies since December, when Azerbaijan closed the one road connecting the region to ally Armenia, saying it was an arms smuggling route.