Many low-income and emerging market countries face an increasingly precarious economic future as they grapple with mounting debt burdens. Creditors include international financial institutions, the ...

Feb 21 (Reuters) - Hong Kong-based property developer New World Development (0017.HK), opens new tab said on Friday it expects to swing to a loss of up to HK$6.80 billion ($875.07 million) for the ...

Distressed Hong Kong builder New World Development Co. has secured written commitments from all banks for a HK$87.5 billion ($11.1 billion) loan refinancing, people familiar with the matter said, ...

Nov 3 (Reuters) - Hong Kong property developer New World Development (0017.HK), opens new tab has launched a debt exchange offer of up to $1.9 billion, aiming to restructure its outstanding perpetual ...

The term "Third World" is making headlines. Last week, President Donald Trump wrote on Truth Social that immigrants from poor nations are a burden on the United States. "I will permanently pause ...

Adrian Cheng, the third-generation scion of Hong Kong’s billionaire Cheng family, said on Thursday he had stepped down as CEO of the family’s flagship New World Development, after the property company ...

World Development Indicators (WDI) serves as the World Bank's primary collection of internationally comparable data on development. It is a comprehensive resource that contains pertinent, top-notch ...

New World Development's K11 Musea shopping mall, part of the company's flagship Victoria Dockside development in Hong Kong's Tsim Sha Tsui district. Shares of New World Development, controlled by Hong ...

Middle-income countries—home today to 6 billion people—are in a race against time. Since the 1990s, many of them have done well enough to escape low-income levels and eradicate extreme poverty, ...

The World Bank has taken its first step since ending its ban on funding nuclear energy projects by partnering with the International Atomic Energy Agency to support countries that choose to include ...

New World Development Co., one of Hong Kong’s most indebted builders, is close to securing a crucial HK$87.5 billion ($11.1 billion) loan refinancing deal, according to people familiar with the matter ...