News

September 23, 2021 HONG KONG (Reuters) – Cash-strapped developer China Evergrande Group said it held an internal meeting late on Wednesday night, in which its chairman urged company executives to ensure the quality delivery of properties and redemption of wealth management products. There is mounting political pressure on the company to act as homebuyers and […]

Alexander Chachava Contributor Share on Twitter Alexander Chachava is a serial entrepreneur, investor and managing partner at LETA Capital, a technology investment firm. Russian-speaking and Eastern European technology entrepreneurs are acknowledged as some of the most technically skilled in the world. As a case in point, Coursera’s 2020 Global Skills Index found that Russian learners […]

September 23, 2021 JAKARTA (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande’s debt woes could affect the world’s economy. “We see a new risk to the financial system stability in China,” she told a news conference. […]

September 23, 2021 By Sonali Paul MELBOURNE (Reuters) – Australian Energy Regulator (AER) has filed a lawsuit against Neoen SA, saying the French firm’s Tesla “Big Battery” in South Australia did not provide backup power during four months in 2019 for which it had received payment. Neoen said it was disappointed with AER’s decision. It […]

September 23, 2021 By Alun John HONG KONG (Reuters) – Asian shares moved higher on Thursday, supported by some positive news from struggling developer China Evergrande Group, while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight. However, investors remained on edge about Evergrande’s future, with a […]

September 23, 2021 By Sonali Paul MELBOURNE (Reuters) – Oil prices rose on Thursday, extending strong gains overnight with fuel demand growing and crude stocks declining as production remains hampered in the U.S. Gulf of Mexico after two hurricanes. The market was also supported by a broader switch back into risk assets as concerns eased […]

September 23, 2021 BEIJING (Reuters) – Fitch Ratings on Thursday cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country’s property sector on domestic demand. (Reporting by Ryan Woo; Editing by Sam Holmes) Source Link Fitch cuts China 2021 GDP forecast to +8.1% vs […]

September 23, 2021 By Jonathan Stempel NEW YORK (Reuters) -Cuba Gooding Jr asked a U.S. judge to set aside a finding of liability in a civil lawsuit by a woman who accused the Oscar-winning actor of raping her twice in 2013, after she agreed his failure to formally respond to her accusations was not willful. […]

September 23, 2021 MONTREAL (Reuters) – Police in the Canadian province of Quebec are searching for a man they suspect of punching a nurse in the face for giving his wife a COVID-19 vaccine without his consent, a police spokesman said on Wednesday. The man confronted the female nurse on Monday morning in the office […]

September 23, 2021 By Nia Williams CALGARY, Alberta (Reuters) – Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil fuel sector said they also expect him to keep his promises to retrain them for jobs in a […]

Cobo, a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). The round was co-led by DST Global, A&T Capital and IMO Ventures. The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing […]

September 23, 2021 MELBOURNE (Reuters) – British Prime Minister Boris Johnson has asked his Australian counterpart Scott Morrison to help ease strict quarantine rules to allow the families of England’s cricketers to tour with the players during the upcoming Ashes series. England players are seeking assurances their family members will be allowed to join them […]

September 23, 2021 TAIPEI (Reuters) – There is a “risk” to Taiwan’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) if China joins first, Taiwan’s chief trade negotiator John Deng said on Thursday. China always tries to obstruct Taiwan’s participation internationally, Deng told reporters. China claims Taiwan as its own territory. […]

September 23, 2021 SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said he has tried to arrange a conversation with French President Emmanuel Macron but has been unsuccessful so far, a week after his cancellation of a major submarine deal sparked a diplomatic row with Paris. Morrison, speaking in Washington on Wednesday, said he would […]

September 23, 2021 (Reuters) – The United States Olympic & Paralympic Committee on Wednesday said all U.S. athletes hoping to compete at the 2022 Beijing Winter Olympics will need to be vaccinated against COVID-19. “Effective Nov. 1, 2021, the U.S. Olympic & Paralympic Committee will require all USOPC staff, athletes and those utilizing USOPC facilities – […]

September 23, 2021 WASHINGTON (Reuters) – The U.S. Senate on Wednesday confirmed longtime Senate lawyer Jayme White as deputy U.S. trade representative. The Senate voted 80-18 to confirm White, a strong bipartisan majority but short of the rare unanimous confirmation vote his new boss, U.S. Trade Representative Katherine Tai, received. White, who served as the […]

September 23, 2021 (Reuters) – Amazon.com Inc’s cloud computing unit said on Wednesday it will launch data centres in New Zealand in 2024 and create about 1,000 jobs in the country over 15 years. After releasing an economic impact study, Amazon Web Services (AWS) said it plans to invest NZ$7.5 billion ($5.25 billion) in its […]

September 23, 2021 BEIJING (Reuters) – China should abandon a top-level strategy promoted by President Xi Jinping to increase self-reliance, or risk harming innovation and growth prospects, said a European business group on Thursday. “There are troubling signs that China is increasingly turning inwards … and this tendency is casting considerable doubts over the country’s […]

September 23, 2021 SINGAPORE (Reuters) – HSBC Holdings PLC expects the debt problems involving embattled property developer China Evergrande Group to have an impact on capital markets but does not see any direct impact on the bank, its group CEO said. “I’d be naive to think that the turmoil in the market doesn’t have the […]

September 23, 2021 HONG KONG (Reuters) – Chinese Estates Holdings, the second-biggest shareholder of embattled developer China Evergrande, said on Thursday it has sold $32 million worth of its Evergrande stake and plans to exit the holding completely. Chinese Estates, which owned about 6.50% of Evergrande’s equity capital as of Sept. 10 according to Refinitiv […]