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Market News
October 11, 2021
Australia Paid $20 Billion Stimulus to Firms That Didn’t Qualify
Australia shelled out A$27 billion ($20 billion) under the government’s signature JobKeeper wage subsidy to firms whose revenue didn’t fall...
October 11, 2021
Malaysia Tables Bill to Raise Debt Cap to Aid Economic Rebound
Malaysia’s Finance Minister presented to parliament a bill to raise the limit on government debt for the second time in a little over a year, as...
October 11, 2021
Chinese Builders Are Scrambling for Ways to Avoid Bond Defaults
Chinese builders are looking to payment extensions or debt exchanges to avoid default on imminent bond obligations as liquidity conditions tighten...
October 11, 2021
New Zealand Extends Auckland Lockdown as It Rushes Vaccinations
New Zealand Prime Minister Jacinda Ardern extended a lockdown in Auckland and pushed back plans to reopen schools in the nation’s largest city as...
October 11, 2021
Carrefour’s Latest Deal Miss Shows Grocery Consolidation Is Hard
It’s been a tough year for Alexandre Bompard. Attempts by the Carrefour SA boss to create a supermarket champion in France are proving elusive.
October 11, 2021
Morgan Stanley Upgrades China Property on Likely Policy Easing
Morgan Stanley has upgraded its view on China’s property sector to “attractive” from “in-line” as it sees growing likelihood of easing...
October 11, 2021
Basic Income Backer Wins South Korea Ruling Party Presidency Bid
The governor of South Korea’s most populous province won the presidential primary for the ruling Democratic Party on a platform of universal basic...
October 11, 2021
Ant Boosts Capital to $5.4 Billion One Year After Botched IPO
Ant Group Co. ramped up its capital base to 35 billion yuan ($5.4 billion), almost a year after Chinese regulators thwarted its record initial public...
October 11, 2021