Evergrande stays silent on its $83 million dollar bond interest payment, leaving investors in limbo
Chinese property developer Evergrande has not said whether it will fulfil its interest payments to investors on its U.S.-dollar bond.
Financial News
Hong Kong’s Hang Seng jumps 1%; Evergrande shares surge more than 12% after days of losses
Questions remain over whether embattled Chinese developer China Evergrande Group will pay the interest due on a dollar-denominated bond on Thursday.
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
After Monday’s market turbulence, the Fed’s challenge will be to sound reassuring while acknowledging it is getting ready to move away from its easy policy.
The global economy could feel the effects of China’s Evergrande crisis. Here’s what investors should know
Strategists do not now expect financial contagion from the crisis at a large Chinese property developer, but they do say there could be economic impact.
Hong Kong’s Hang Seng index drops 4% as Evergrande shares plunge nearly 17%, other property stocks fall
Markets in mainland China, Japan and South Korea are closed on Monday for a holiday.
Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic
Federal Reserve Chairman Jerome Powell owned municipal bonds of the same type bought by the Fed during the coronavirus pandemic.
France, still mad about that submarine deal, just recalled its ambassadors to the United States and Australia
France said it will immediately recall its ambassadors to the United States and Australia, in protest of a submarine deal unveiled earlier this week.
China’s embattled developer Evergrande is on the brink of default. Here’s why it matters
Evergrande has warned investors twice in as many weeks that it could default on its debts.
U.S., Australia and UK unveil new security partnership as China expands its military and influence
The new trilateral security partnership seeks to strengthen stability in the Indo-Pacific region as China expands its military might and influence.
China’s retail sales grew 2.5% in August, far slower than 7% expected
China’s retail sales grew 2.5% in August from a year ago as the country dealt with the worst outbreak of Covid-19 since its initial spread in early 2020.