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September 22, 2021

China

Evergrande crisis will hurt China’s economic growth, says former central bank advisor

CNBC Real Estate
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 to China’s central bank. Evergrande is the world’s most indebted property developer with total liabilities of around $300 billion. The company has been struggling to......

China pledges to stop building new coal energy plants abroad

BBC
“We all must call out and condemn the targeting and oppression of racial, ethnic, and religious minorities, whether it occurs in Xinjiang or northern Ethiopia, or anywhere in the world,” he added, referring to the western Chinese region where China is accused of using forced labour. BBC – For more......

Mainland China markets drop more than 1% on return to trade as investors watch for reaction to Evergrande crisis

CNBC
CNBC – For more and to sign up click here SINGAPORE — Markets in mainland China tumbled on Wednesday, after returning to trade from a two-day holiday, falling more than 1% amid the ongoing Evergrande crisis. With global markets selling off earlier this week, investors will be keeping a close......

China Pledges to Stop Building Coal-Burning Power Plants Abroad

@BreaknNews
In a move designed to bolster Beijing’s climate credentials, President Xi Jinping of China said Tuesday that his country would stop building coal-burning power plants overseas, ending its support for construction projects that rely on the world’s dirtiest fossil fuel. “China will step up support for other developing countries in......

China’s Evergrande crisis could drag down Tether and other cryptocurrencies: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Kate Rooney explains why Chinese property developer Evergrande Group’s debt crisis could be trouble for Tether. Plus, Johnson & Johnson finds a second shot of......

Biden vows a new era of ‘relentless diplomacy’ as the world contends with Covid, climate change and China

CNBC
CNBC – For more and to sign up click here U.S. President Joe Biden speaks during the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. Eduardo Munoz | Reuters WASHINGTON — President Joe Biden defended his decision to end America’s war in Afghanistan......

China could accelerate military efforts in response to U.S.-Australia submarine deal, analyst says

CNBC
CNBC – For more and to sign up click here China has denounced a nuclear submarine deal among the U.S., the U.K. and Australia — and tensions in the Indo-Pacific region will likely continue to rise, said an analyst at consultancy firm Eurasia Group. “Given the geography of the region......

China likely won’t bail out Evergrande directly unless there’s ‘far-reaching contagion,’ S&P says

CNBC
CNBC – For more and to sign up click here Outside the China Evergrande Group Royal Mansion residential development under construction in Beijing, China, on Friday, Sept. 17, 2021. Gilles Sabrie | Bloomberg via Getty Images The Chinese government is not likely to step in to give direct support to......

Stocks plummet over Chinese real estate fears

CBS News
CBS News – For more and to sign up click here Stocks plummet over Chinese real estate fears – CBS News Watch CBSN Live Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending......

Stocks making the biggest moves premarket: Pfizer, Occidental Petroleum, Bank of America and more

CNBC
CNBC – For more and to sign up click here A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out......

China Evergrande shares dive to 11-year low as default risks grow

Reuters
HONG KONG, Sept 20 (Reuters) – China Evergrande Group (3333.HK) shares plunged on Monday to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for payment obligations this week. Evergrande has been scrambling to raise funds to......

U.S. and UK attempt to smooth tensions as France calls submarine snub a ‘crisis’

CNBC
CNBC – For more and to sign up click here U.S. President Joe Biden (R) and French President Emmanuel Macron (L) have a conversation ahead of the NATO summit at the North Atlantic Treaty Organization (NATO) headquarters in Brussels, on June 14, 2021. Anadolu Agency | Anadolu Agency | Getty......

MLB moves bat production company from United States to China

CBS News
CBS News – For more and to sign up click here MLB moves bat production company from United States to China – CBS News Watch CBSN Live When Major League Baseball hosted its “Field of Dreams” game in Iowa in August, it was a celebration of small-town America. But less......

What China developer Evergrande’s debt crunch means for U.S. investors: Ed Yardeni

CNBC
CNBC – For more and to sign up click here A debt crunch involving China’s second largest properly developer has caught investors’ attention in the past week. Evergrande, the Shenzhen-based company, is facing a default on its debt burden of roughly $300 billion. The crisis has echoes to the Lehman......

China halts Taiwan sugar apple, wax apple imports to prevent disease

Reuters
FILE PHOTO: Sugar apples are displayed in a market in Recife, June 30, 2014. REUTERS/Tony Gentile BEIJING, Sept 19 (Reuters) – China will suspend sugar apple and wax apple imports from Taiwan to prevent disease carried by a pest found on the fruits from entering the country, its customs office......

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