U.S. markets dip as Wall Street struggles
... Evergrande come to a head. Developers have been snowballing since May. Dwindling resources against 2 trillion US dollars of liabilities have wiped nearly 80% off its stock and bond prices, and an $80 million bond coupon payment now looms next week. Hong Kong 's Hang Seng Index dropped so far this year to its lowest level in the world. A report from the U.S. Commerce Department shows retail sales unexpectedly rose in August, indicating America's economic recovery is strengthened on positive trends in ...
Updated: 09/16/2021
U.S. stock futures open amid fears of a slowdown in economic recovery
... Thursday to gain momentum and U.S. stock futures pointed to a slightly lower open for Wall Street weighed by concerns about a possible slowdown in the economic recovery COVID - 19. Asian equities gained, bucking the trend from a weak European session. Hong Kong 's Hang Seng index dropped to its lowest level so far this year, and Chinese shares sank as investors dumped property and consumer stocks over fears that the liquidity crisis at China 's Evergrande Group could affect the broader economy. The group's ...
Updated: 09/16/2021
Uyghur photo exhibit opens in Geneva of suspected Chinese-run camps
... reception, according to sources who attended. We are committed to placing human rights at the center of our China policy, and will continue to highlight the grave human rights abuses we see the PRC committing across China , in Xinjiang , Tibet , Hong Kong and elsewhere, a U.S. mission spokesperson said. China said that the human rights situation in Xinjiang was pretty good The attempt of some forces to pursue their political agenda by slandering China are doomed to fail, a mission spokesperson added....
Updated: 09/16/2021
Tencent loses place in world's 10 largest companies amid regulatory crackdown
... Ltd. earlier this year, as China tech behemoths face tougher rules on everything from monopolistic practices to data security and kids gaming hours. Tencent has lost the market value of $388 billion since its shares touched a record high in January. Hong Kong s Hang Seng Index is the world s worst stock benchmark this month amid the clampdown, with Alibaba and Tencent the biggest drags. There are no signs that the pain will end soon as the regulatory campaign continues to expand and deepen nearly every ...
Updated: 09/16/2021
U.S. stock futures hit by another day of losses
U.S. stock futures were hit by another day of losses in China and Hong Kong Thursday about a deep economic slowdown and debt problems with giant property developer China Evergrande Group. U.S. stock futures were hit by another day of losses in China and Hong Kong Thursday where the indexes were hit by gathering fears ...
Updated: 09/16/2021
Dow Jones and Nasdaq fall on unemployment and retail sales data
... lost 20 cents a barrel to 72.42 a barrel and gold was $15.10 to $1779.70 an ounce. European bourses were the higher across the board with the UK ’s FTSE 100 gaining 0.49%, Germany's CAC 40 rose 0.6% and France s DAX 30 gained 1.15%. In China , Hong Kong 's Hang Seng index fell 1.46% and China 's Shanghai Composite Index tumbled 1.34% after Beijing told embattled real estate developer Evergrande will not make any interest payments beginning next week. The Nikkei 225 in Japan sank 0.62%, and sank ...
Updated: 09/16/2021
Virgin Australia to require staff to be vaccinated against COVID - 19
... states require them for entry in certain cases. Asian airlines reported high vaccination take-up rates among pilots and cabin crew as they wait to relieve the region's pandemic-related border controls. Singapore Airlines Ltd, Malaysia Airlines and Hong Kong 's Cathay Pacific Airways Ltd are among those that have mandated vaccinations on the crew of Singapore Airlines Ltd.
Updated: 09/16/2021
Chinese regulators review new games amid crackdown on anti-addiction
... developers already tasked with overhauling systems across hundreds of disparate titles and platforms to comply with the curbs, including an envisioned nationwide player-identity database. Tencent and Netease shed more than $60 billion of value in Hong Kong on the third Thursday of last month after Xinhua s report. Adding to confusion, Tencent 's hotly awaited League of Legends Mobile title didn t launch on 15 Sep as initially anticipated because it needed to improve the gaming experience, while regulators ...
Updated: 09/16/2021
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