Analysis: What lies beneath? Hidden debt fears feed China's property woes

SHANGHAI/LONDON (Reuters) – Numbers don’t lie, you just need to be looking at the right ones.FILE PHOTO: A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File PhotoThat’s the problem for investors searching for the next trouble spot in the Chinese real estate […]

Housing crisis: Absent homeowners warned over bright-line taxes

By RNZ Homeowners who do not live in their house for a significant period may be caught by new tax rules aimed at property investors and may end up facing a large tax bill, according to the national accountant’s body. The Government has tightened the bright-line property rule, which will hit people selling houses, other […]

Myanmar crisis: Police raid hospitals and universities to arrest protesters

Myanmar careened deeper into crisis Sunday, as police occupied hospitals and universities and reportedly arrested hundreds of people involved in protesting last month’s military seizure of power, while a coalition of labour unions called a strike for Monday. Tension was high in the country’s biggest city, Yangon, where for a second night running gunshot rang […]

Lebanese Christian cleric to Hariri: avoid 'secret deals' in forming cabinet

BEIRUT (Reuters) – Lebanon’s top Christian cleric urged Prime Minister-designate Saad al-Hariri on Sunday to avoid back-door deals and to quickly form a new government that will start lifting the country out of financial crisis.FILE PHOTO: Lebanese Maronite Patriarch Bechara Boutros Al-Rai speaks after meeting with Lebanon’s President Michel Aoun at the presidential palace in […]

U.S. slaps sanctions on two former Lebanese ministers over ties to Hezbollah

WASHINGTON (Reuters) – The United States on Tuesday expanded its sanctions on Lebanon, blacklisting the former finance and transport ministers and accusing them of providing material and financial help to Iran-backed Shi’ite group Hezbollah, following a powerful blast last month in Beirut that left the country reeling. “Corruption has run rampant in Lebanon, and Hizballah […]

'Now we are ruined': Lebanon's embattled savers try to rebuild

BEIRUT (Reuters) – Like many Lebanese expatriates, Nadim Srour wired savings back as a nest egg for his return. Now those deposits have crumbled in an economic crisis and a Beirut blast has destroyed his home. “Our lives turned 180 degrees,” said the 43-year-old who returned from the Gulf with his wife and two sons […]