The news comes after Evergrande said on the weekend that it was unable to issue new debt due to an ongoing investigation into Hengda, sending Evergrande s share price plunging 22% on Monday.
The FTSE 100 index closed Friday flat, rising only 2 points to 7694, as a drop in mining and oil-exposed stocks offset a positive round of corporate earnings. AstraZeneca was the index s main.
The FTSE 100 Index closed Friday down 0.5% at 7562 points, in line with its European peers, as investors weighted the possibilities of a rate hike by the U.S. Fed, the European Central Bank and the Bank of Japan next week. Croda International shares dr. | 12:00pm
FTSE 100 Closes Down 0 5% Ahead of Rate Decisions, Croda Slips After Profit Warning morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The Labor Department will release its monthly job report and the FDIC is reportedly planning to make big banks cover the fees for recent rescues. Here’s what investors need to know today.