Evergrande crisis will hurt China’s economic growth
Evergrande’s debt crisis will slow down China’s economic growth, but will likely have minimal spillover on the country’s financial system, according to a former advisor
Category: Business
Bitcoin, cryptocurrencies tumble as China sends shudders down markets
Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with bitcoin (BTC-USD) tumbling by more than 7%.
Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets
Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These
Shell agrees $9.5bn sale of Permian Basin assets to ConocoPhillips
Royal Dutch Shell has agreed to sell its business in the Permian Basin, the biggest oilfield in the US, to rival ConocoPhillips for $9.5bn in
iPhone 13 Is Already Recording Early Strong Sales In China
Apple presented the iPhone 13 only two days ago, but it has already started gaining traction in China, one of the company’s largest markets. Apple
Facebook slams Wall Street Journal reports as ‘deliberate mischaracterisations’
Nick Clegg, Facebook’s vice-president of global affairs, has slammed the Wall Street Journal for reporting that the social media giant was aware of negative impacts
China’s Lehman Brothers moment: Evergrande crisis rattles economy
The crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the
Dow Jones Futures: Stock Market Rally At Turning Point As Rebound Fizzles, What To Do Now
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally saw modest losses last week, but
The stock market is undergoing a slow motion with shares down
The land mines for the market are growing. Seasonal weakness is combining with uncertainty over the Covid-19 delta variant’s impact on consumer behavior, rising labor
PepsiCo Launches Pep+ To Boost Sustainability, Cut Emissions
PepsiCo, Inc. (PEP), a food and drink company, on Wednesday, announced the launch of its new arm, PepsiCo Positive (pep+) to boost sustainability and reduce