Tag Archives: Evergrande Group

Bitcoin ( BTC -0.69% ), Dogecoin ( DOGE -3.25% ), and Chainlink’s ( LINK -9.14% ) tokens fell roughly 10%, 17%, and 18%, respectively, so it has been another tough week of selloffs for the broader cryptocurrency market.In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices …

China’s post-COVID recovery has been hurt by Beijing’s crackdown on real estate and tech giants. Strong exports have saved the economy but what happens when global demand for Chinese goods decreases? Despite projections of 8% economic growth this year, China is struggling to handle many economic challenges. The debt crisis …

Hotter than expected Consumer Price Index reading for October and news that Evergrande again defaulted debt payment grace period were factors that pulled U. S. stocks down on Wednesday.The S&P 500 index is down 0.7%, CPI has jumped 0.9% after climbing 0.4% in September, the Labor Department said. This was …

Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …

Evergrande’s debt crisis is a convenient reminder to the world of the various frailties that still run through the Chinese economy.As the property company stumbles, the crucial question is whether those frailties will drag down the world’s second-largest economy. Risks have increased, not just of a slowdown but of permanently …

A looming debt-related default by Chinese Evergrande Group has suddenly shook up financial markets from Asia to Europe and the United States. On Monday, major banks were told that they will not collect interest payments on loans that are outstanding, while interest payments of USD 84 million on the company’s …

Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets. Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August. The current point is also below …