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, ...

New World Development Co. is in talks with several potential investors including Blackstone Inc. and CapitaLand Group Pte. as the cash-strapped Hong Kong developer seeks to dispose of assets to ...

WASHINGTON, August 1, 2024—More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next ...

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 ...

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 ...

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 ...

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, ...

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 ...