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Market News
September 22, 2021
Bolsonaro’s Health Chief Tests Positive for Covid After UN Visit
Brazilian Health Minister Marcelo Queiroga tested positive for coronavirus in New York where he had been part of President Jair Bolsonaro’s team...
September 22, 2021
SoftBank to Take ‘More Cautious’ Tack as It Cuts Deals in China
SoftBank Group Corp., one of the biggest foreign investors in China, plans to take a more cautious approach to backing the country’s startups but...
September 22, 2021
Morgan Stanley Sees China Restructuring Troubled Developer Soon
Beijing may initiate a managed debt restructuring of “a troubled property developer” in the coming week, followed by policy easing in October to...
September 22, 2021
China Stocks Pare Reopening Losses on Evergrande Coupon Plans
Chinese shares fell less than feared Wednesday as trading resumed after a two-day holiday, with investors finally able to price in the impact of...
September 22, 2021
China Injects $18.6 Billion Into Banking System During Evergrande Crisis
China’s central bank increased its injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande...
September 22, 2021
Evergrande Onshore Property Unit to Pay Interest on Yuan Bond
China Evergrande Group’s onshore property unit said it negotiated a plan with bondholders to pay interest due Sept. 23 on domestic notes, without...
September 22, 2021
Melbourne Boosts Security in Warning to Anti-Lockdown Protesters
Australia’s Victoria state said it would come down hard against further protests after thousands of people demonstrated in Melbourne against...
September 22, 2021
The Chip Crunch Grows Worse as Wait Times Hit Record 21 Weeks
The amount of time it’s taking for chip-starved companies to get orders filled stretched to 21 weeks in August, indicating the shortages that have...
September 22, 2021
ADB Cuts Developing Asia Growth Outlook as Recovery Paths Split
Growth paths in developing Asia continue to diverge, as some nations struggle to contain virus outbreaks while those that avoided tough restrictions...
September 22, 2021