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China Evergrande C.E.O. Resigns After Loans Come Under Scrutiny

China Evergrande C.E.O. Resigns After Loans Come Under Scrutiny

China Evergrande, the embattled Chinese property developer, said late Friday that its chief executive had resigned, the latest setback for the company as it struggles to manage its crushing $300 billion in debt.

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, the company said the chief executive, Xia Haijun, had resigned over his involvement in a plan to funnel $2 billion into Evergrande’s coffers from one of its subsidiaries.

A preliminary investigation found that the…

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ANALYSIS: Tim Cone is right, but SBP still needs to do its job

Rishi Sunak vs Liz Truss: Tory Party Braces Itself For A Bruising Six Weeks

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