Shares in China ride-sharing app DiDi Global plunged 6.6% in New York Stock Exchange trade on Monday following a Reuters report that President Jean Liu plans to leave the company and expects the …
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China Needs a Lehman-Level Meltdown to Crash Its Steel Mills
Investors are worried that Evergrande’s unraveling will ensnare the property sector and the commodities that feed it. If history is any guide, this sector still has legs.
Shipping stocks hammered as China fears intensify
Dry bulk shares suffer double-digit declines, with tanker and container stocks also caught up in the sell-off.
Coinbase drops as crypto joins broader markets in steep sell-off on China fears
Coinbase fell as much as 5.7% on Monday amid a broader sell-off in the crypto and stock markets. The dip in Coinbase shares coincided with steep drops in the prices of nearly all major …
Bad for business: WB China rigging scandal rattles investors
Economists said such reports – by the World Bank and others – were useful but had long been vulnerable to manipulation.
Douyin’s app limits for kids align with China’s tech crackdowns
China’s ruling Communist Party reminded the tech sector who’s calling the shots this past year by squashing Ant Financial’s IPO, removing ride-hailing giant DiDi from app stores, and proposing new …
ByteDance is getting ahead of China’s crackdown on tech for teens
China’s ruling Communist Party reminded the tech sector who’s calling the shots this past year by squashing Ant Financial’s IPO, removing ride-hailing giant DiDi from app stores, and proposing new …
Bitcoin Price Slides as China Jitters Hit Crypto Markets
Traders and analysts said the selloff in cryptocurrencies was part of a wider global shift away from risky assets, in favor of perceived safe-havens such as U.S. Treasurys.
How China’s Property Market Could Trigger a Crypto Crash
Bitcoin and other cryptocurrencies were tumbling on Monday as one of China’s largest property developers teetered on collapse. Here’s how it could spill over into cryptos.
IPO market braces for 14 deals this week — including payment processor Toast —unless Evergrande woes send issuers scurrying
The U.S. initial public offering market is bracing for another busy week with 14 deals on tap, unless fears of contagion from a possible default by …
Bitcoin, cryptocurrencies tumble as China sends shudders down markets
Investors unnerved by the financial strains of a Chinese real estate firm sent stocks and cryptocurrencies reeling on Monday, with bitcoin tumbling by more than 7%. As risk-sensit …
Upcoming IPOs: 6 New Stocks to Keep on Your Radar This Week
It’s going to be a busy week for IPOs and we’re collecting a list of some of the biggest upcoming ones traders should watch.
The Evergrande crisis and China’s regulatory crackdowns are shaking the notion that China is an investable market, says Mohamed El-Erian
The potential collapse of homebuilder Evergrande ‘is shaking key tenants of this global investment theme,’ renowned economist El-Erian said on CNBC.
