(Bloomberg) — A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined US$135 billion.
Monthly Archives For September 2021
Beijing unlikely to save Evergrande, report says
Evergrande, the massive Chinese real estate developer that rattled the US market on Monday after reports that it is struggling to avoid defaulting on $89 billion in debt, is unlikely to benefit from a …
China keeps virus at bay at high cost ahead of Olympics
The Beizhong International Travel Agency in the eastern city of Tianjin has had only one customer since coronavirus outbreaks that began in July prompted Chinese leaders to renew city lockdowns and …
China likely won’t bail out Evergrande directly unless there’s ‘far-reaching contagion,’ S&P says
Fears over a potential contagion from embattled developer China Evergrande Group dragged down the Hang Seng index in Hong Kong by more than 3% on Monday.
Political firestorm surrounding Milley’s phone calls with China ignored on CBS, NBC, CNN Sunday shows
Chairman of the Joint Chiefs of Staff Gen. Mark Milley has been at the center of a political firestorm regarding his actions in the final weeks of the Trump presidency, which has gotten zero attention…
Evergrande: Asia stocks down as investors weigh China concerns
Major stock exchanges in mainland China were closed on Monday and Tuesday for the annual mid-Autumn festival. Monday’s sell-off was primarily driven by concerns that Evergrande – one of China’s …
European markets set for higher open despite nerves over China; Fed meeting ahead
European stocks are expected to open higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer.
Impacts of the Evergrande incident on China
There are a lot of possibilities about how the restructuring of property development giant, Evergrande, could turn out. In this note, we discuss the …
Asian markets extend losses as China worries darken sentiment
Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment.
China’s rare earth imports from Myanmar dry up after border closure
China’s imports of rare earths from neighbouring Myanmar slowed to a trickle in August, Chinese customs data showed on Monday, as the closure of a key border crossing to contain the spread of the …
China Evergrande fears grip markets as Beijing stands back, for now
The risks of China Evergrande Group defaulting on its mountain of debt loomed large over nervous markets on Tuesday, as investors looked for signs of intervention by Beijing to stem any potential …
Markets Tumble As China Faces a Lehman Brothers Moment
Chinese President Xi Jinping has unloaded more drama than is fit for an over-the-top Mexican soap opera on markets this year. But while …
Deserted factories show how China electric car boom went too far
While home-grown stars like Nio Inc. and Xpeng Inc. have gone on to sell cars in numbers that rival Tesla, scores more have fallen by the wayside.
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