This is second straight day that the fixing rate has been above 1000 points stronger than consensus forecasts
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
Maui emergency chief resigns after defending decision to not activate sirens during wildfire
Andaya was asked Wednesday whether he regretted not activating emergency sirens as wildfires spread across West Maui: “I do not,” he said at press conference
China’s property troubles aren’t getting better, intensifying calls for bolder policy help
Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers to step up support for the industry.
China’s growing aggression will be in focus as U.S. closes ranks with Japan and South Korea
The summit will be the first standalone meeting between them as the U.S. seeks to capitalize on improving ties between its closest security alliances in Asia.
Asia markets fall as investors assess Japan inflation, Evergrande filing; Adani shares surge
Asian markets will be watching Japan’s inflation numbers, which could give a clue to the Bank of Japan’s moves
What China’s big earnings say about the consumer
Corporate earnings releases are picking up on a few bright spots for China’s consumer in a competitive market where people are less willing to spend.
S&P 500, Treasurys or Berkshire Hathaway? Here’s where value investor Guy Spier would put his money
Spier’s fund has posted an annualized return of 9% since he started it in 1997, beating the S&P 500, MSCI World, and the FTSE 100 in total returns.
These stocks pulled back in August but analysts expect them to bounce back — giving one 103% upside
August has been a rocky month for stocks. CNBC Pro screened for those that pulled back this month but still have upside potential of at least 30%.
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
The virtual currency dropped sharply on Thursday evening.
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