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The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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
Evergrande, China's biggest property developer, ran into trouble over the past few months as Beijing tightened regulations in its property sector.
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
A Wells Fargo spokeswoman did not immediately respond to a request for comment
Many financial institutions have exposure to Evergrande through direct loans and indirect holdings
With China after the border clashes it cannot be business as usual. The trust deficit has significantly widened, say sources
Facebook said it believed actual conversions such as sales and app downloads are higher than reported
Still, uncertainty remains whether the developer will be able to pay the coupon on its offshore dollar bonds, due on Thursday.
FedEx falls on profit drop, forecast cut; Energy stocks lead early gains
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 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
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.
With govt's relief package all fears to some extent have been put aside by investors, says Ravinder Takkar
Serum - the world's largest vaccine manufacturer by volume - and Oxford Biomedica both produce AstraZeneca's COVID-19 vaccine.
Private hospitals and clinics will give their paying patients the option to receive their second dose of the vaccine 4 weeks after the first, down from between 12 and 16 weeks currently, say sources
President Xi's announcement could impact 44 projects in Asia, Africa
British cell therapy firm makes announcement.
The U.S. social media giant has inked deals with a range of Australian big media companies including News Corp (NWSA.O) to the Australian Broadcasting Corp
Zydus Cadila's Covid vaccine ZyCoV-D will be given
In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8% September 2025 bond on time on Thursday