China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through
China Evergrande shares briefly fell more than 10% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.
Financial News
Panic ordering by retailers is making the supply chain crisis ‘even worse’
Retailers and manufacturers are overordering or placing orders too early as they panic over the supply chain crisis, and that’s not helping, experts told CNBC.
How Evergrande found itself on the wrong side of China’s regulators
Evergrande made little progress toward complying with China’s crackdown on real estate debt until it was too late for investors who put money into its offshore bonds.
China GDP disappoints, third-quarter growth slows to 4.9%
China’s third-quarter GDP grew a disappointing 4.9% as industrial activity rose less than expected in September.
U.S. to lift travel ban Nov. 8, allowing vaccinated international visitors into the country
The measure is a relief for large airlines like Delta, United and American, which have struggled to return to profitability.
The first bitcoin futures ETF in the U.S. is set to begin trading next week
Key Points The ProShares Bitcoin Strategy ETF, which will give exposure to bitcoin futures contracts but not the spot market, will trade under the ticker “BITO.” The Securities and Exchange …
After the gas crisis, the Arctic could be Russia and Europe’s next flashpoint
VIDEO 2:17 02:17 Russia’s Novak: Surprised by EU’s Arctic proposals Capital Connection A new cold front could open up in the political tension between the European Union and Russia over …
Fed says it could begin ‘gradual tapering process’ by mid-November
The Federal Open Market Committee on Wednesday released minutes from its Sept. 21-22 policy meeting.
China trade surplus with the U.S. rises to monthly record in September
China reported disappointing growth in imports in September, while exports beat expectations, according to data released Wednesday by the customs agency.
China isn’t the only huge Asian economy with a coal shortage now
Most of India’s coal-fired power plants have critically low levels of coal inventory just as the economy is picking up and fueling electricity demand.