Evergrande shares slip after deal to raise $273 million in a business sale
China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks, a filing said.
Financial News
U.S. sanctions will still have an impact despite the rise of crypto, Treasury’s Adeyemo says
Deputy Treasury Secretary Wally Adeyemo said on Tuesday the U.S. dollar will continue to be the world’s dominant currency despite interest in cryptocurrencies.
Bitcoin drops nearly 7% toward $60,000 as major cryptocurrencies plunge
Bitcoin and other cryptocurrencies including ethereum fell sharply on Tuesday retreating from near-record highs.
Oil and gas will be in the global energy system ‘for decades,’ BP chief says
“It may not be popular … but that is the reality,” Bernard Looney told CNBC on Monday.
Countries strike deal at COP26 climate summit after last-minute compromise on coal
The U.N. meeting in Glasgow, Scotland, was seen as humanity’s last and best chance to keep the all-important goal of 1.5 degrees Celsius alive.
Tesla just had its worst week in 20 months after Elon Musk sold $5.7 billion worth of shares
This marked Tesla’s worst one-week performance in 20 months, and the stock’s worst week ever excluding declines that occurred in February and March 2020.
UK Covid rates are now falling rapidly despite dire warnings for the winter
The U.K. has had the unenviable title of having one of the worst Covid rates in the world and cases have soared in recent months.
Governments and Big Oil were first. The next wave of climate lawsuits will target banks and boards
Financial institutions and individual board members could be the next targets of climate litigation cases.
Xi says China is ready to work with U.S. on condition of ‘mutual respect’
China’s President Xi Jinping speaks during a bilateral meeting with U.S. President Donald Trump at Trump’s Mar-a-Lago estate in Palm Beach, Florida, April 7, 2017. Carlos Barria | Reuters BEIJING …
China’s property market debt could weigh on the country for years, economist George Magnus warns
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters The debt …