Articles
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1 week ago |
bloomberg.com | Pearl Liu |Trista Xinyi Luo
Prospective buyers look at a model of the Deep Water Pavilia project, developed by New World Development Co., in Hong Kong. Photographer: Lam Yik/Bloomberg(Bloomberg) -- New World Development Co.’s dollar bonds are poised to hit their highest levels this month as the company closes in on a crucial loan refinancing deal. The indebted Hong Kong builder’s bonds were up 2 to 3 cents across maturities Friday morning, according to traders.
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1 week ago |
bloomberg.com | Trista Xinyi Luo |Jackie Cai |Pearl Liu
(Bloomberg) -- Hong Kong-based Li & Fung Ltd. is considering a potential bond offering and has held meetings with investors to gauge interest, according to people familiar with the matter. Li & Fung representatives met with investors in Hong Kong in recent weeks to discuss the potential sale, said the people, who asked not to be identified as the information is private. The move could help the supply chain firm manage its debt obligations, with an existing bond due later this year.
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1 week ago |
bloomberg.com | Jackie Cai |Trista Xinyi Luo |Pearl Liu
(Bloomberg) -- New World Development Co. has paid interest due on a dollar note, according to several bondholders, giving the indebted Hong Kong builder some breathing room as it works to complete an HK$87.5 billion ($11.1 billion) loan refinancing deal. The company owed $5.05 million in interest by Monday on the 5.875% bond, according to Bloomberg calculations.
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1 week ago |
flipboard.com | Jackie Cai |Trista Xinyi Luo |Pearl Liu
6 hours agoAI Is Going to 'Replace Everybody' in Several Fields, According to the 'Godfather of AI.' Here's Who He Says Should Be 'Terrified.'Geoffrey Hinton, called the "Godfather of AI" due to his pioneering work on AI, says some fields face a heavier risk of replacement due to automation. The "Godfather of AI" says that some fields are safer than others when it comes to being replaced by AI.
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1 week ago |
bloomberg.com | Trista Xinyi Luo |Pearl Liu
Prospective buyers look at a model of the Deep Water Pavilia project, developed by New World Development Co., in Hong Kong on June 7. (Bloomberg) -- New World Development Co., the distressed Hong Kong developer that’s unsettled investors by delaying some debt payments, faces a critical test Monday when interest comes due on a dollar bond. The company, controlled by the family empire of tycoon Henry Cheng, must pay the $5.05 million on the 5.875% security, according to Bloomberg calculations.
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Investors, bankers and advisers talked about how to fix real estate behemoths and the risks related to local government debt at Bloomberg's China Credit Forum https://t.co/JO5InjtVba
RT @SCMPNews: Without love life and family trappings, China’s singles become consumption engine in economy https://t.co/tjSqaxStNx
China’s richest city Shenzhen is seeing is a buying frenzy in residential property as a government-imposed price cap created arbitrage opportunities for speculators to make quick profits
https://t.co/EKyACGMPVa #china's testbed for #marketreforms is now a hotbed for speculation as home-price #arbitrage leads to #quickprofits
