BARCELONA (Reuters) -Spanish authorities and Nissan will enter talks with China’s Great Wall Motor over a possible takeover of the Japanese carmaker’s plant in Barcelona, which is due to shut in …
FINANCE
China’s Evergrande crisis has far-reaching implications
The problems confronting Evergrande, which has failed to meet interest payments on dollar-denominated loans, extend throughout the property sector and into the wider economy.
Evergrande bonds are being scooped up by bargain-hunting funds on bets China can ward off a messy collapse, reports say.
Marathon’s Bruce Richards sees opportunities in the embattled real-estate developer because there’s a ‘lot of commerce’ related to Evergrande.
Bank of China plans more green loans
Photo shows the exhibition area of Bank of China during the 2021 China International Fair for Trade in Services in Beijing, capital of China, Sept. 4, 2021. (Xinhua/Chen Zhonghao) BEIJING, Oct. 1 …
Beijing tells bankers to help home buyers
China has urged financial institutions to help local governments stabilise the rapidly-cooling housing market and protect the rights of some home buyers, another signal that authorities are worried …
The China World Bank Scandal
Beijing allegedly intervened to improve its business ranking.
China Evergrande to Sell Bank Stake to State-Owned Firm for $1.5 Billion
The deal is the latest sign that the country’s authorities are trying to help the property giant resolve some of its financial troubles.
Exploring Evergrande’s financial failures and why China’s government is stepping in
“Too big to fail” was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big …
Are China’s Super Rich Sinking Its Economy?
More recently, these campaigns have extended into a wave of regulatory crackdowns on big tech companies, bans on private tutoring, caps on house prices, and a clampdown on rich celebrities. To top it …
Oil Prices Soar As Beijing Orders Energy Suppliers To Stock Up For Winter
Bloomberg reports that China’s central government officials “ordered the country’s top state-owned energy companies to secure supplies for this winter at all costs.” …
Beijing urges banks to avoid housing speculation to control Evergrande risk
BEIJING, ChinaChina has urged banks to steady the housing market and avoid speculation as fears mount that Evergrandes debt crisis could spill over into the property sector.
China Intensifies Cryptocurrency Crackdown
China announced a blanket prohibition on all cryptocurrency transactions and mining. Citing concern for national security and “safety of people’s assets,” 10 government agencies announced the …
China Ban Selloff Only Boosts Case for Ethereum Utility and Investment
Ethereum looks like an enticing prospect after ETH-USD prices dipped substantially after the Chinese ban on cryptocurrencies.More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS …
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