Tag: China

• Thursday, September 30th 2021 - 09:50 UTC

  Uruguayan gov't appoints preliminary team to advance on FTA with China

  

  Uruguay's Foreign Minister Francisco Bustillo Tuesday announced the formation of a preliminary negotiating team to start talks with China over a future free trade agreement.

• Wednesday, September 29th 2021 - 08:27 UTC

  Argentine meat sales to China to resume next week; the rest of the world will have to wait until 2022

  

  Argentina will resume meat exports to China as of this coming Monday, it was announced Tuesday in Buenos Aires.

• Saturday, September 25th 2021 - 09:27 UTC

  Evergrande real estate group shares crash 11,6%, but CEO remains among China's richest billionaires

  

  The Chinese mega real estate group Evergrande shares tumbled 11,6% on Friday in the Hong Kong stock exchange, following on Thursday's nonpayment of US$ 84 million in interests on maturing offshore bonds.

• Friday, September 24th 2021 - 18:27 UTC

  Chinese financial move tumbles down cryptocurrencies

  

  A regulatory decision Friday by The People’s Bank of China (PBOC) has led to a sharp fall in the price of cryptocurrencies such as Bitcoin and Ethereum, which have dropped over 6% and 10% respectively after bouncing back in previous weeks.

• Thursday, September 23rd 2021 - 09:29 UTC

  Relief in world markets, China's mega Evergrande will pay some of its debts

  

  China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.

• Wednesday, September 22nd 2021 - 09:20 UTC

  OECD down plays impact of China's mega group Evergrande possible downfall

  

  “We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.

• Tuesday, September 21st 2021 - 08:55 UTC

  World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

  

  Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.

• Saturday, September 18th 2021 - 09:00 UTC

  IMF chief Georgieva faces ethics committee over her role when in the World Bank

  

  IMF Managing Director Kristalina Georgieva has stated she disagrees fundamentally with the findings and interpretations of an investigation of alleged irregularities she committed when she held a senior role at the World Bank.

• Thursday, September 16th 2021 - 09:20 UTC

  Beijing releases oil from its strategic reserve to stabilize China's market and guarantee energy security

  

  By Irina Slav for Oilprice.com – China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move Bloomberg called “an unprecedented intervention.”

• Saturday, September 11th 2021 - 09:42 UTC

  Uruguay's FM says other unilateral trade deals may be announced shortly

  

  Uruguay's Foreign Minister Francisco Bustillo Friday said that in addition to China there were several other countries interested in reaching one-on-one trade deals with his country.