The Latest Breaking News from Evergrande

A multi-year downturn in China’s property market looks to continue as a raft of rescue measures from Chinese authorities have fallen flat. Disappointing home sales in China’s largest cities suggest that policy support measures have failed to turn around buyer sentiment. There are fears that China’s property debt crisis will...

Shares are mostly lower in Asia, with Tokyo's markets closed for a national holiday

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

European stocks hit three-week high as China’s government tries to prop up ailing economy

Group warns that if its financial performance ‘continues to deteriorate’ it faces possible default after huge half-year losses

Property developer’s value fell by more than $2bn as stock resumed trading after 17-month suspension

The China stock market rally paused on Wednesday as property giant Country Garden faces a deadline to stretch out its debt payments.

Country Garden is reportedly trying to extend the payment period for a bond due in September as it tries to avoid a default.

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchanged

Brace for impact as markets tumble on renewed central bank warnings, and Fonterra lowers its farmgate milk price forecast for the second time in a fortnight. Andrew Patterson reports.

The major market indexes finished a down week on a quiet note, with investors looking ahead to next week's annual Fed symposium.