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Shares rise in Asian markets but Evergrande jitters keep investors on edge

As Hong Kong markets came off a holiday, Evergrande's shares surged 30% to mark their best day.

Supply chain snarls could cost automakers $210 billion this year: Report

A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast

Asian shares gain but Evergrande jitters keep investors on edge

Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.

Oyo to file for $1.2 bn IPO next week, sees recovery after pandemic: report

Startup has endured months of layoffs, cost-cuts and losses during the coronavirus outbreak.

Fed policymakers see upward march in interest rates starting next year

By Lindsay Dunsmuir

Indian refiners' August crude processing lowest in 10 months

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

China's Evergrande chairman seeks to reassure investors, shares surge

Hui Ka Yan said the company was striving to ensure quality delivery of properties and stressed the importance to resume construction on developments where building had been halted

Evergrande domestic debt deal calms immediate contagion concern

Many financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market

Facebook's tech head Mike Schroepfer to step down, Bosworth to take over

Bosworth, or "Boz," created Facebook's AR/VR organization, which was renamed Facebook Reality Labs (FRL) in 2020

Evergrande faces key deadline, investors await outcome on dollar bond

Evergrande, China's biggest property developer, ran into trouble over the past few months as Beijing tightened regulations in its property sector.

Wall Street ends higher as Fed signals bond-buying taper soon

Dow Jones Industrial Average rose 341.11 points, or 1.01%, to 34,260.95, the S&P 500 gained 41.54 points, or 0.95%, to 4,395.73

Powell says Wells Fargo asset cap to stay in place until problems fixed

A Wells Fargo spokeswoman did not immediately respond to a request for comment

Evergrande domestic debt deal calms immediate contagion concern

Many financial institutions have exposure to Evergrande through direct loans and indirect holdings

India likely to block Chinese investment in mega LIC IPO: Report

With China after the border clashes it cannot be business as usual. The trust deficit has significantly widened, say sources

FB warns it is 'underreporting' iOS ad results amid Apple privacy changes

Facebook said it believed actual conversions such as sales and app downloads are higher than reported

Dollar edges lower ahead of Fed, Evergrande lifts risk-sensitive currencies

Still, uncertainty remains whether the developer will be able to pay the coupon on its offshore dollar bonds, due on Thursday.

Wall Street rebounds from recent losses, Dow rises 200 pts; Fed in focus

FedEx falls on profit drop, forecast cut; Energy stocks lead early gains

Soaring natural gas prices ripple through heavy industry, supply chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains

India, UAE plan to lift bilateral trade to $100 bn in 5 years via new pact

India and UAE plan to conclude CEPA by the end of the year with the aim to lift trade between the two countries by 70% in five years, trade ministers of both countries said

Risk-sensitive currencies perked up by upcoming Evergrande bond payment

Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds, due on Thursday.