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October 22, 2021

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China Evergrande lines up funds for interest payment to avert default -source

Reuters
Evergrande remits funds for interest payment to trustee -source Company faced end of 30-day grace period for payment on Oct. 23 Evergrande shares jump, drive gains in other developers Next 30-day grace period expires Oct. 29 for Sept. 29 payment HONG KONG/SHANGHAI, Oct 22 (Reuters) – China Evergrande Group (3333.HK)......

Hong Kong finance chief says city’s exposure to Evergrande ‘very minimal’ -SCMP

Reuters
The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu/File Photo Oct 3 (Reuters) – Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05%, or HK$14 billion ($1.79 billion), of banking assets,......

Malaysia’s help needed to ease global chip shortage, Taiwan says

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang TAIPEI, Oct 1 (Reuters) – Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s COVID-19 curbs, Taiwan......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

China asking state-backed firms to pick up Evergrande assets – sources

Reuters
An aerial view shows the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC, developed by China Evergrande Group, in Guangzhou, Guangdong province, China. Picture taken September 26, 2021 with a drone. REUTERS/Thomas Suen HONG KONG, Sept 28 (Reuters) – Beijing is prodding government-owned firms and......

PBOC promises to protect consumers as China Evergrande teeters

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Housing consumers rights to be safeguarded – PBOC Evergrande shares up, bonds remain at distressed prices EV unit slides after cash warning Wednesday payment deadline looms BEIJING/HONG KONG,......

Fears grow for China Evergrande after interest deadline missed

Reuters
Evergrande misses payment dedline on dollar bond interest Some bondholders have not been paid – sources Company has 30-day grace period before the bonds default PBOC injects cash into banking system; Evergrande shares fall SINGAPORE/SHANGHAI, Sept 24 (Reuters) – China Evergrande inched closer on Friday to the potential default that......

Evergrande bondholders run out of hope for coupon payment on Thursday -source

Reuters
Chairman reiterates top priority is to help investors Evergrande shares rise 18% boosting other property stocks Investors and analysts play down threat of ‘Lehman moment’ HONG KONG/SINGAPORE, Sept 23 (Reuters) – China Evergrande Group (3333.HK) dollar bondholders were still waiting for information about a key interest payment due Thursday, with......

Oil prices advance amid U.S. supply tightness signals

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo TOKYO, Sept 21 (Reuters) – Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global......

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......

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......

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,......

The electric vehicle boom is pay-dirt for factory machinery makers

Reuters
DETROIT, Aug 20 (Reuters) – The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. The good times for the makers of robots......

Landlord groups ask U.S. judge to toss out new COVID-19 eviction ban

Reuters
A “For Rent” sign is displayed in front of an apartment building in Arlington, Virginia, U.S., June 20, 2021. REUTERS/Will Dunham/File Photo WASHINGTON, Aug 4 (Reuters) – Landlord groups late Wednesday asked a U.S. judge in Washington to immediately lift a new eviction moratorium that was put in place Tuesday......

U.S. CDC announces new 60-day COVID-19 eviction moratorium

Reuters
WASHINGTON, Aug 3 (Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday issued a new 60-day moratorium on residential evictions in areas with high levels of COVID-19 infections citing the raging Delta variant after having rejected an earlier push by the White House. The order applies......

U.S. Supreme Court maintains CDC’s pandemic-related residential eviction ban

Reuters
Protesters surround the LA Superior Court to prevent an upcoming wave of evictions and call on Governor Gavin Newsom to pass an eviction moratorium, amid the global outbreak of coronavirus disease (COVID-19), in Los Angeles, California, U.S., August 21, 2020. REUTERS/Lucy Nicholson WASHINGTON, June 29 – The U.S. Supreme Court......

St. Modwen accepts Blackstone’s raised $1.75 bln take-private offer

Reuters
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid St. Modwen agrees to 560p a share offer from Blackstone Shares unchanged in morning trading June 24 (Reuters)......

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