Evergrande sends funds for its $83.5 million bond interest payment, says Chinese media

A housing complex by Chinese property developer Evergrande in Beijing. The indebted Evergrande has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period, Chinese state media Securities Times reported. Noel Celis | AFP | Getty Images Evergrande has remitted the funds for a key … Read more

China’s central bank says Evergrande is unique and most real estate developers are stable

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — The People’s Bank of China said Friday that indebted developer China Evergrande is its own case, and that most real estate businesses in the country are stable. Property giant Evergrande has $300 billion in liabilities … Read more

Singapore’s economy grows 6.5% on year in the third quarter, missing estimates

A cyclist rides on Esplanade bridge as buildings stand in the Central Business District in Singapore on Monday, July 6, 2020. Wei Leng Tay | Bloomberg | Getty Images SINGAPORE — Singapore’s economy grew 6.5% in the third quarter of 2021 compared to a year ago, official advance estimates showed on Thursday. Analysts polled by … Read more

Asia-Pacific stocks mixed; China’s trade data for September ahead

SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September. In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.398%. … Read more

Asia-Pacific stocks slip; South Korea’s markets closed for holiday

SINGAPORE — Shares in Asia-Pacific slipped in Monday morning trade as investors watched for market reaction to Friday’s big miss in U.S. jobs data. In Japan, the Nikkei 225 slipped 0.53% while the Topix index sat below the flatline. Elsewhere, shares in Australia slipped, with the S&P/ASX 200 down 0.94%. MSCI’s broadest index of Asia-Pacific … Read more

Singapore to open ‘vaccinated travel lanes’ with 8 more countries as it aims for ‘new normal’

People walk at a pedestrian crossing along the Orchard Road shopping district in Singapore on September 7, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore announced Saturday it will be opening new travel lanes for vaccinated visitors from 8 more countries. It came as its Prime Minister Lee Hsien Loong predicted it … Read more

U.S. trade representative Tai vows to enforce phase 1 trade deal with China

U.S. Trade Representative Katherine Tai testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on the proposed budget for fiscal year 2022 for the Office of the U.S. Trade Representative on Capitol Hill on April 28, 2021 in Washington, DC. Sarah Silbiger | Getty Images News | Getty … Read more

Evergrande stays silent on its $83 million dollar bond interest payment, leaving investors in limbo

A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images Chinese property developer Evergrande has not said whether it will fulfil its interest payments to investors on its … Read more

Japan’s Nikkei 225 falls 2%; Asia-Pacific investors keeping a close watch on Evergrande

SINGAPORE — Shares in Asia-Pacific declined in Tuesday morning trade as investors continue to monitor the situation surrounding embattled developer China Evergrande Group. Japanese stocks declined as they returned to trade following a Monday holiday. The Nikkei 225 dropped 1.97% while the Topix index shed 1.68%. Hong Kong’s Hang Seng index, which was dragged down … Read more

U.S., Australia and UK unveil new security partnership as China expands its military and influence

U.S. President Joe Biden speaks on workers rights and labor unions in the East Room at the White House on September 08, 2021 in Washington, DC. Kevin Dietsch | Getty Images WASHINGTON – President Joe Biden announced the formation of a new security partnership between the United States, Australia and the United Kingdom that seeks … Read more