China Evergrande braces for debt deadline after doubting ability to pay
After lurching from deadline to deadline, China Evergrande Group (3333.HK) is again on the brink of default, with pessimistic comments from the property developer raising expectations of direct state involvement and a managed debt restructuring.
Bitcoin below $50,000, at early October levels, after weekend’s battering
Bitcoin hovered around $49,000 on Monday, down 1.5% on the day, as traders nursed losses after a brutal weekend in which the price of the world’s largest digital asset at one point lost over one fifth of its value.
U.S. & European stock futures rise, oil bounces
U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
Exclusive: Toyota turns to Chinese tech to reach its electric holy grail
Toyota Motor Corp (7203.T) will launch an all-electric small sedan in China late next year, having turned to local partner BYD (002594.SZ) for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
Google delays mandatory return to office beyond Jan. 10
Alphabet Inc’s (GOOGL.O) Google said on Thursday it is indefinitely pushing back its January return-to-office plan globally amid growing concerns over the Omicron variant of the coronavirus and some resistance to company-mandated vaccinations.
-DBS CEO says tough for digital banks to muscle into Singapore
Singapore’s digital banks will find it hard to carve out space in the city-state’s saturated market, said Piyush Gupta, the CEO of DBS Group (DBSM.SI), Southeast Asia’s biggest lender.
Cowed by Chinese regulators, Didi plans to delist from New York months after debut
Ride-hailing giant Didi Global (DIDI.N) said it will delist from the New York stock exchange just five months after its debut and pursue a listing in Hong Kong – having raised the ire of Chinese regulators for ignoring a request to put its U.S. IPO on hold.
China’s Kaisa fails to get bondholders nod to extend maturity, risks default
Chinese property developer Kaisa Group Holdings Ltd (1638.HK) said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Softbank Group shares slide 3% after Didi, Arm, Grab triple setback
Shares in Japanese conglomerate SoftBank Group Corp (9984.T) dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-hailing firm Grab (GRAB.O).
Special Report: U.S. rushed contracts to COVID-19 suppliers with troubled plants
As the Trump administration debated whether to declare COVID-19 a national emergency early last year, a little-known U.S. health office issued a public plea to Big Pharma.
