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September 17, 2021

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At unfinished Evergrande apartments in central China, buyers seek answers

Reuters
LUOYANG, China, Sept 17 (Reuters) – A steady stream of anxious apartment buyers flowed into the sales office of the Evergrande Oasis complex outside the city of Luoyang this week, seeking answers after construction was halted by the giant developer’s severe cash crunch. Work on the five-tower condominium and 16......

With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line

Reuters
HONG KONG, Sept 17 (Reuters) – As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city’s powerful property tycoons: pour resources and influence into backing Beijing’s interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed......

West African bloc resorts to sanctions over Guinea and Mali coups

Reuters
ACCRA, Sept 16 (Reuters) – West Africa’s main regional bloc on Thursday imposed sanctions against the junta in Guinea and those slowing Mali’s post-coup transition – its toughest response yet to a run of military takeovers. The move was agreed at an emergency summit of the Economic Community of West......

Tesla to work with global regulators on data security -Musk

Reuters
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters/File Photo SHANGHAI, Sept 17 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) will work with global regulators to ensure data security, Chief Executive Elon......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

China applies to join Pacific trade pact to boost economic clout

Reuters
BEIJING, Sept 16 (Reuters) – China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world’s second-biggest economy looks to bolster its clout in trade. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement......

Canada’s Trudeau hammers main election rival’s COVID-19 approach

Reuters
MONTREAL, Sept 16 (Reuters) – Canadian Prime Minister Justin Trudeau, seeking to carve out a lead ahead of Monday’s election, accused his main rival on Thursday of showing weak leadership in the fight against COVID-19. Opinion polls show Trudeau’s center-left Liberals effectively tied with the right-of-center Conservatives led by Erin......

World shares slide on China investment worries

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo U.S. retail sales rose in August Indexes: Dow off 0.18%, S&P down 0.16%, Nasdaq up 0.13% Dollar hits nearly three-week high Gold falls by more than 2% NEW YORK,......

GM extends EV Bolt production halt to mid-October

Reuters
A close-up view of the Chevrolet Bolt electric vehicle logo is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam WASHINGTON, Sept 16 (Reuters) – General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

China denies German warship entry into harbour, Berlin says

Reuters
BERLIN, Sept 16 (Reuters) – China has denied a German warship on a mission to the contested South China Sea entry into a harbour, a German foreign ministry spokesperson said on Wednesday. The ship involved is the frigate Bayern, the spokesperson told a news briefing, but did not identify the......

France says Biden acted like Trump to sink Australia defence deal

Reuters
PARIS, Sept 16 (Reuters) – France accused U.S. President Joe Biden on Thursday of stabbing it in the back and acting like his predecessor Donald Trump after Paris was pushed aside from a lucrative defence deal that it had signed with Australia for submarines. The United States, Britain and Australia......

Australia’s new US-UK security pact risks China trade

Reuters
A train loaded with iron ore travels towards the Rio Tinto Parker Point iron ore facility as an empty train leaves in Dampier at the Pilbarra region in western Australia April 20, 2011. REUTERS/Daniel Munoz//File Photo SYDNEY, Sept 16 (Reuters) – Australia’s new security pact with the United States and......

China Evergrande onshore bond trading suspended after downgrade

Reuters
The China Evergrande Centre is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu Hengda bonds suspend trading for 1 day after CCXI downgrades Suspension points to higher chance of default – analysts Recovery ratio expected to be low – fund managers HONG KONG/SHANGHAI, Sept 16 (Reuters) – China......

China launches emergency response after quake kills at least three

Reuters
Sept 16 (Reuters) – China launched an emergency response on Thursday after a 6.0-magnitude earthquake jolted the southwestern province of Sichuan killing at least three people, state media reported. Sichuan’s earthquake relief headquarters activated a level-II response, the Xinhua news agency reported, the second-highest in China’s four-tier emergency response system.......

Asian shares fall again, dollar drifts

Reuters
A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato HONG KONG, Sept 16 (Reuters) – Asian shares gave up early gains to fall......

Dollar sluggish as traders bide time before Fed meeting; kiwi jumps

Reuters
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo Market waiting for clues on taper timing from Fed New Zealand dollar buoyed by faster-than-expected GDP growth Norway’s crown at multi-month highs to......

Australia to get U.S. nuclear submarine technology as China looms large

Reuters
WASHINGTON, Sept 15 (Reuters) – The United States, Britain and Australia said on Wednesday they would establish a security partnership for the Indo-Pacific that will involve helping Australia acquire nuclear-powered submarines, as Chinese influence over the region grows. Under the partnership, announced by President Joe Biden, British Prime Minster Boris......

Taiwan lands fighters on highway as annual drills reach peak

Reuters
TAIPEI, Sept 15 (Reuters) – Taiwanese fighter jets landed on a makeshift runway on a highway strip on Wednesday overseen by President Tsai Ing-wen as annual drills reached their peak, skills that would be needed in the event China attacks and targets Taiwan’s vulnerable air bases. China has been ramping......

Wall Street set for slow start as economic uncertainty weighs

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Apple edges higher after lukewarm reception for new iPhone U.S.-listed Chinese stocks dip on fears of debt crisis Tech stocks supported by rush for safety Futures:......

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