CTRYF / Evergrande soars over 70% leading Chinese property stocks higher after Country Garden avoids default

Chinese developer Country Garden was officially deemed in defaulted Wednesday, Bloomberg reported. It failed to meet its obligations on a dollar bond more_horizontal

China's Country Garden has been deemed to be in default on a dollar bond for the first time ever. The builder's failure to pay interest on the note wi more_horizontal

Troubled Chinese property developer Country Garden Holdings Co. 2007, has been declared in default on a dollar bond, missing a $15.4 million interest more_horizontal

Country Garden and Evergrande share prices have collapsed, wiping billions of dollars in value in the past few years. Evergrande's stock price crashed more_horizontal

China's Country Garden missed a final deadline to pay interest on a dollar bond, the Wall Street Journal reported Wednesday.  The report said Country more_horizontal

The property giant was once considered one of the safest developers in China, but the country's property slowdown has claimed another victim. more_horizontal

Things are moving again for China's economy and green shoots are sprouting. But sustaining that could be tough if the troubles of major property devel more_horizontal

Country Garden Holdings , China's biggest private property developer, is hours away from defaulting on its $11 billion in overseas debt, yet to make a more_horizontal