Marketmind: When the Dragon sneezes, Europe catches a cold
As pressure builds on China’s tech and real estate moguls and its economic growth falters, markets worldwide are starting to get uneasy. But it’s Europe, with its export-oriented economy and supercharged luxury stocks reliant on affluent Asian shoppers, which is likely to feel the most genuine pain.
Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
Federer-backed shoemaker ON prices IPO above range, valued at over $6 bln
On Holding AG (ONON.N), a shoe firm backed by Swiss tennis legend Roger Federer, on Tuesday priced its initial public offering (IPO) well above the target range, valuing the company at over $6 billion.
Analysis: China’s house of cards: Evergrande threatens wider real estate market
China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country’s top-selling property developer.
Investors turn bearish on global economy though positioning upbeat – BofA survey
Barely a tenth of respondents in a monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April’s initial COVID-19 panic, Bank of America’s (BofA’s) September edition of the survey showed.
Stop funding coal abroad, NGO group tells top investor Bank of China
Bank of China (BoC) (601988.SS), a top global investor in coal- power plants, must end the financing of such projects outside the mainland and support clean and renewable energy instead, an alliance of 35 non-governmental organisations said on Tuesday.
Crypto CEOs should cooperate with regulators to unlock future growth -SALT panel
Cryptocurrency executives should work with regulators instead of being their adversary for the sector to grow to its potential, members of a digital currency panel at Wall Street’s SALT conference said on Monday.
Explainer: What is China’s ‘common prosperity’ drive and why does it matter?
President Xi Jinping has called for China to achieve “common prosperity”, seeking to narrow a yawning wealth gap that threatens the country’s economic ascent and the legitimacy of Communist Party rule.
EXCLUSIVE Singapore Exchange to issue easier rules for SPAC listings -sources
Singapore Exchange is preparing to roll out easier guidelines for listings of special purpose acquisition companies (SPACs) in the city-state, which would make it the first major Asian bourse to accept such investment vehicles, four sources familiar with the matter told Reuters on Wednesday.
Hong Kong’s strict quarantine rules threaten to erode allure of financial hub
Hong Kong’s government is facing growing pressure from business lobby groups to open borders or risk losing executives and investment as it shows no sign of easing one of the world’s strictest quarantine programs.
