STORY: Evergrande stock resumed trading on Tuesday (October 3) - and it’s been a wild ride for investors. Shares in the embattled Chinese developer surged up to 42% from the open, but soon gave up much up of those gains. Trading had been halted last Thursday (September 28), after a report that the Evergrande chairman had been placed under police watch. The company later said that Hui Ka Yan was being investigated over unspecified crimes. Once the top-selling Chinese developer, Evergrande has been embroiled in a mounting debt crisis. Its problems deepened last week, when it said its main domestic unit was unable to issue new debt due to a probe by regulators. That has complicated a plan to secure creditor support for restructuring. And the clock is ticking. Last week Reuters reported that a major offshore creditor group could support liquidation of the company if it doesn’t file a new debt plan this month. Amid the turmoil, Beijing has taken steps to support the sector, with real estate making up about a quarter of China’s economy. But investors around the world are watching closely, concerned over what might happen if the world’s most indebted developer goes under.
Key Insights Marco Polo Marine's significant retail investors ownership suggests that the key decisions are influenced...
STORY: Before making remarks on stage, Blair commanded her service dog to sit and stay, prompting Biden to humorously chime in with the words, "Me too," and pretending to sit, which elicited laughter from the audience.Blair's subsequent comment, "I feel so powerful all of a sudden," captured the essence of the moment, highlighting the resilience and strength of individuals with disabilities, and the importance of inclusivity celebrated through the ADA.
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
(Bloomberg) -- Australia’s central bank kept its key interest rate unchanged while retaining a tightening bias on Tuesday as new Governor Michele Bullock gauges the impact of 4 percentage points of hikes.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as
Wearing a “I Love Pandas” t-shirt and clutching a panda-covered diary, Kelsey Lambert bubbled with excitement as she glimpsed the real thing. The National Zoo's three giant pandas — Mei Xiang, Tian Tian and their cub Xiao Qi Ji — are set to return to China in early December with no public signs that the 50-year old exchange agreement struck by former President Richard Nixon will continue. National Zoo officials have remained tight-lipped about the prospects of renewing or extending the agreement, and repeated attempts to gain comment on the state of the negotiations did not receive a response.
A Layer1 for Real-world Adoption A Layer1 for Real-world Adoption SINGAPORE, Oct. 03, 2023 (GLOBE NEWSWIRE) -- HeLa Labs, a hi-tech company, today announces the official launch of a next-generation layer one blockchain network with privacy-preserving and consensus protocols for real-world adoption. Kerching Choo, Co-founder of HeLa Labs, commented: “Our aim is to bring real-world adoption benefits to all industries, empowering them to leverage the power of our layer one blockchain.” The launch o
It is hard to get excited after looking at Uchi Technologies Berhad's (KLSE:UCHITEC) recent performance, when its stock...
Adriana scored in the first half and the Orlando Pride held on for a 1-0 victory over Angel City on Monday night in the National Women's Soccer League. With Orlando's victory, the Kansas City Current were eliminated from playoff contention. The loss snapped an 11-game unbeaten streak for Angel City (6-7-7).
Pope Francis on Wednesday is opening a global gathering of bishops and laypeople to discuss the future of the Catholic Church, including some hot-button issues that have previously been considered off-limits for discussion. For the first time, women and laypeople can vote on specific proposals alongside bishops, a radical change that is evidence of Francis’ belief that the church is more about its flock than its shepherds. Here is some background on the Oct. 4-29 Synod of Bishops, which will be followed by a second session this time next year.
Saying that journalism isn't showing enough urgency in covering climate change, the editor of the Columbia Journalism Review is leaving his job to devote his time to try and change that. Kyle Pope, who has been editor and publisher of the magazine and website for journalists since 2016, said Tuesday that he is leaving to join Covering Climate Now, an organization he helped launch with Mark Hertsgaard, environment correspondent for The Nation. Covering Climate Now works with newsrooms to prioritize coverage and train reporters, and is trying to convince more meteorologists to make the connection between climate change and their weather reports.
Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. Evergrande is the world’s most heavily indebted real estate developer and is at the center of a property market crisis that is dragging on China’s economic growth. The company’s stock was suspended from trading last week as it confirmed Chinese police were investigating its chairman, Hui Ka Yan, on “suspicion of illegal crimes.”
Kristy and Brett from The Block have claimed Eliza is 'trying to get a radio deal' after she slated their behaviour on the show. Read more.
Sam's Club is rolling out its fall deals in October. Here are four you're not going to want to miss.
(Bloomberg) -- Asian stocks declined along with sovereign bonds after hawkish signaling from the Federal Reserve stirred concerns the US central bank would continue to raise interest rates.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as Bond Selloff R
A man is scheduled to die by lethal injection over 25 years after he killed women het met in north Florida bars during a dayslong spate of crimes. Michael Zack III is set to die at 6 p.m. Tuesday for the murder of Ravonne Smith, a bar employee he befriended and later beat and stabbed with an oyster knife in June 1996. Zack's nine-day crime run began in Tallahassee, where he was a regular at a bar.
Georg Fischer AG ( VTX:GF ), might not be a large cap stock, but it saw significant share price movement during recent...
When Tha Cung looked over his sixth-grade class schedule, he took notice of the math block. In fifth grade, his standardized test scores showed he was a strong math student — someone who should be challenged with honors classes in middle school. Under the Dallas school system's policy, Tha’s parents didn’t need to sign him up for advanced math.
A day before the federal government executed a Texas man for the killing of an Iowa couple when he was 18, celebrity lawyer Alan Dershowitz pleaded with then-President Donald Trump — a former client — to call the execution off. During a Dec. 9, 2020, call to the White House, Dershowitz told Trump that Brandon Bernard, at 40, wasn’t the man he was when Todd and Stacie Bagley were killed in 1999 and that he deserved to have his sentence commuted to life in prison. Trump sounded sincere when he said he wished he could spare Bernard’s life, but he added apologetically that he’d already promised the victims’ relatives that Bernard would be put to death, Dershowitz said about the 20-minute call.
After a fiery first day of opening arguments, lawyers in Donald Trump's business fraud trial in New York will move on Tuesday to the more plodding task of going through years of his financial documents in what's expected to be a weekslong fight over whether they constitute proof of fraud. An accountant who prepared Trump’s financial statements for years was expected to be back on the witness stand for a second day. Trump, who spent a full day Monday as an angry spectator at the civil trial, was contemplating a return to court as well.