Evergrande postpones restructuring votes just hours before the start
(Bloomberg) — China Evergrande Group has postponed major votes on its foreign debt restructuring plan just hours ahead of schedule…
Month: August 2023
Nvidia shares haven’t been this cheap since January, before they shot up 250%.
font size Nvidia got cheaper based on a key valuation metric after its recent earnings. Dream time If you liked…
China Evergrande loses $2.4 billion in value as trade resumes after 17 months
Written by Claire C HONG KONG (Reuters) – Shares of China Evergrande Group fell as much as 87 percent early…
Evergrande shares plunged 87% in Hong Kong after trading resumed
(Bloomberg) — China Evergrande Group is down as much as 87% in Hong Kong trading after a 17-month hiatus, turning…
China agrees to set up 37 retail funds to help revive the market
SHANGHAI (Reuters) – China’s securities regulator approved the launch of 37 retail funds over the weekend, as part of the…
The offshore yuan saw a new low against the dollar on selling in China
(Bloomberg) — Global investors have little faith in China’s success in propping up its financial markets, expecting that mounting economic…
Electric vehicle maker BYD has bought the Chinese manufacturing unit of US company Jabil for $2.2 billion
(Reuters) – Electric vehicle maker BYD said on Monday that its unit has entered into an agreement with the Singaporean…
Stocks are poised to open higher
Shares are expected to rise in early New York trading on Monday. New York Stock Exchange font size US stocks…
In Jackson Hole, post-inflationary challenges challenge angry central bankers
(Bloomberg) — The world’s top central bankers have stressed the need to keep interest rates high until inflation is contained…
China’s worsening economic slowdown is spreading around the world
(Bloomberg) — The Chinese economy was supposed to drive a third of global economic growth this year, so the dramatic…