Evergrande, the embattled Chinese real estate giant with debts of $300 billion, has just been ordered to liquidate by a court in Hong Kong. What effect will this have, both within China and across the global economy?
(Bloomberg) Secretary of State Antony Blinken signaled to the crowd at the World Economic Forum that this year will see more frequent contact between the leaders of the US and China in what could be a good sign for international trade.Most Read from BloombergMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionA Wary World Braces for Trump’s Return to the White HouseWhat Is Disease X? How Scientists Are Preparing for the Next Pa
Founder Sui Guangyi’s plans to list its Shenzhen affiliate on an international digital exchange have hit the shares of the Hong Kong-listed investment firm, which have lost nearly 50 per cent since January 10.
The latest data from the Federal Reserve reveal that bank assets grew by just 2% in 2023, constrained by an evaporation of deposit funding, where volumes were down 2%.