Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's worsening property crisis and a weakening economy.
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Taiwan details China drills, VP says election not China's to callBy Ben Blanchard TAIPEI (Reuters) -Taiwan's election next year is a choice between democracy and autocracy, Vice President William Lai said in comments ...
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Bitcoin price plummets below $26k amid SpaceX selling rumors, Evergrande bankruptcy, macro and market concerns(Kitco News) - Bitcoin and the broader crypto market went into freefall late Thursday, with the top cryptocurrency losing $2500 and the digital currency market seeing over $1 billion in liquidations in less than 24 hours.
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Video: How much worse can China's economic slowdown get?China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fueling concern over a deeper, longer-lasting slowdown in growth.
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China's economic story is 'difficult,' but familiar: StrategistAs China’s economic slowdown continues, companies such as Lenovo (0992.HK), Tencent (TCEHY), and XPeng (XPEV), are feeling the impact. Paul Christopher, Head of Global Investment Strategy at the Wells Fargo Investment Institute, joins Yahoo Finance Live to discuss why China’s economic story is 'a difficult one,' but 'a familiar story.' Christopher says that, in China, popular restaurants and tourist locations are experiencing a lot of foot traffic, but 'what’s suffering there is private business. Private business is just not really sure where things are going next. They’re struggling to contain costs, to make money. They’re struggling to survive rather than to expand.' There is 'this little bit of deflation coming from China to the U.S., worries about debt there, and that weighs on investors here,' Christopher says. China 'has focused its rapid growth on a lot of… government-directed bank lending so the government tells the banks who gets the money, who gets the capital.' A lot of China’s 'stock market is run by insiders, corporate executives' and it’s 'a very volatile market,' Christopher notes. Christopher explains that it’s 'difficult' for private firms to get capital if they’re not 'already on the government’s list.'
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China’s oil buying frenzy cools as record inventory shields it from price rallyChina’s ability to draw on vast stocks could undermine efforts by major producers to tighten supply and support prices, analysts said
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Bond rout keeps stocks under water, China woes give dollar a liftLONDON, Aug 18 (Reuters) - Global shares were stuck around two-month lows on Friday, capping a week when bond investors became more convinced that interest rates will remain high for longer than initially thought, sending U.S. yields to near 16-year peaks.
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