Evergrande is a Chinese real estate giant with more than $300 billion in debt. It may default, which would impact countries everywhere.
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China Evergrande unit to make $35.9 mln onshore coupon payment on Sept 23
China Evergrande Group’s main unit said on Wednesday that it would make a bond interest payment on Sept. 23, offering some relief to global markets on edge over a possible default by China’s No. 2…
China’s high-tech push seeks to reassert global factory dominance
At a factory in China’s north, workers are busy testing an automated vehicle designed to move bulky items around industrial spaces, one of a new generation of robots Beijing wants to shift the country …
China keeps lending benchmark LPR unchanged for 17th straight month
China stood pat on its benchmark lending rate for corporate and household loans for the 17th straight month at its September fixing on Wednesday, matching market expectations.
Hedge fund guru Ray Dalio warns of U.S./China ‘great-power conflict’ at Greenwich Economic Forum
Ray Dalio, founder of Westport-based Bridgewater Associates, the world’s largest hedge fund, speaks with Gillian Tett, the Financial Times’ chairwoman of the board an …
Soaring Energy Prices Become Major Headache For China
Soaring energy prices are already wreaking havoc on Europe, but the world’s biggest buyer of gas and coal could be next …
HeiQ and The LYCRA Company Launch LYCRA® freshFX® Brand with HeiQ Technology for the China Market
Textile technology innovation leaders, HeiQ and The LYCRA Company, today announced they will be introducing LYCRA ® freshFX ® brand with HeiQ technology for the China market. This press release …
IMF says China has tools to avoid Evergrande’s problems becoming systemic crisis
The International Monetary Fund on Tuesday said it is closely following developments surrounding China Evergrande Group , but believes Beijing has the tools to prevent the situation from turning into …
China’s plunging diesel exports a boost to Asian refiners
Slumping diesel exports from China are proving a boon to other refiners in Asia, with the profit from producing the fuel rising to the highest in 18 months.
Study: Crypto Mining Has Already Used More Energy in 2021 Than It Did Last Year
Crypto mining has already allegedly used more energy during 2021 than it did during all of 2020 according to a new Bloomberg report.
Johnson brands China’s threats to Australia over UK-US submarine contract ‘ridiculous’
Beijing claims the move has ‘intensified’ the arms race and state media has warned that it ‘will potentially make Australia a target of a nuclear strike if war breaks out.’ …
Stock Market Today With Jim Cramer: Rein in Some Crypto Investments
Jim Cramer and TheStreet Senior Portfolio Analyst Jeff Marks discussed why it’s time to sell some crypto investments and Tuesday’s market. Cryptocurrencies. Coinbase on Monday dro …
Biden nominee for key China export post expects Huawei to remain blacklisted
U.S. President Joe Biden’s nominee to a post overseeing export policy on China said on Tuesday he sees Chinese telecoms firm Huawei (HWT.UL) as a national security threat and expects to keep the …
