Chinese govt summons Evergrande founder after warning on funds

by Poornima WEERASEKARA The Chinese government summoned the embattled founder of real estate firm Evergrande Friday, after the group issued a statement warning it might not have sufficient funds to continue to meet its financial obligations. China Evergrande, which is drowning in a sea of debt worth $300 billion, has been struggling to meet its […]

SEC greenlights Del Monte PH IPO

The Securities and Exchange Commission has approved a plan by canned fruit and juice drinks manufacturer Del Monte Philippines to raise as much as P17.5 billion from an initial public offering of shares.