A former Trump Organization CFO pleads guilty to tax evasion charges; what did he say about the decision? The US set to begin trade talks with Taiwan in the fall. The two sides are strengthening their relationship against the demands of China. The crisis worsens for China’s property sector. Real estate developers’ cash flow drops 24% year over year. What…
China Real Estate Is ‘Ponzi Scheme’: Expert; Former Trump Exec Pleads Guilty to Tax Fraud | NTD Business
A former Trump Organization CFO pleads guilty to tax evasion charges; what did he say about the decision? The US set to begin trade talks with Taiwan in the fall. The two sides are strengthening their relationship against the demands of China. The crisis worsens for China’s property sector. Real estate developers’ cash flow drops 24% year over year. What…
Russia, China Woes Risk Worst EM Corporate Default Wave Since Financial Crash: JPMorgan
LONDON—JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial crisis. A new report from the bank’s analysts on Monday estimated the emerging market-wide default rate would now reach 8.5 percent, more than double the 3.9 percent…
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