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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens

When Country Garden, the biggest developer in China’s increasingly troubled real estate sector, published its annual report in April, the cover design exuded hope: a phoenix spreading its wings.The company […]







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China’s Property Crisis: Why It’s So Hard for Beijing to Fix

China’s stock market was plunging and its currency was teetering. The head of the central bank, fielding questions at a rare news conference, said that China would make it easier […]




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How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”

Francis deSouza, the chief executive of the biotechnology giant Illumina, didn’t know what he was in for when he resisted Carl Icahn’s demand in March for three seats on the […]




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Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles

When their government abruptly ended its harsh Covid measures in December, many Chinese expected a robust rebound from pent-up demand. Eight months later, China is instead facing an accumulation of […]




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China Faces a Crisis in Its Real Estate Sector

A model Chinese property developer in a sector replete with risk takers is teetering on the edge of default. Short of cash, one of China’s biggest asset managers has missed […]




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Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire

Hawaiian Electric has known for years that extreme weather was becoming a bigger danger, but the company did little to strengthen its equipment and failed to adopt emergency plans used […]







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Country Garden Is Latest Chinese Real Estate Giant in Trouble

Remember China Evergrande, that Chinese real estate behemoth whose mountain of debt sent global markets spiraling in 2021? Its collapse signaled the start of a crisis for China’s housing market, […]




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Wall St. Pessimists Are Getting Used to Being Wrong

Beaten as they might be by the stock market’s rally, worriers on Wall Street still question how long it can last. Their numbers are shrinking, though.After starting the year with […]