• Latest
  • Trending
Sink in World shares, because of Evergrande

Sink in World shares, because of Evergrande

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern

Elon Musk says Twitter legal team told him he violated an NDA

Tech firms asks US supreme court to block Texas social media law

Tech firms asks US supreme court to block Texas social media law

US FAA shifts gears on certifying future flying taxi pilots

US FAA shifts gears on certifying future flying taxi pilots

Ford sells shares in EV maker Rivian for $214 MLN

Ford sells shares in EV maker Rivian for $214 MLN

Fed’s Waller says now is the time to hit it on raising rates

Fed’s Waller says now is the time to hit it on raising rates

All the best is yet to come in Singapore: Blockchain Fest 2022

All the best is yet to come in Singapore: Blockchain Fest 2022

Global Business Review Magazine
Thursday, May 26, 2022
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Sink in World shares, because of Evergrande

Sink in World shares, because of Evergrande

World stocks sold off while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy. In the upcoming Central bank meetings, this sparks a fresh investor worry. MSCI’s gauge of stocks across the globe shed 1.63%. And then, the Wall Street’s benchmark S&P 500 sagged 1.7% and the tech-heavy Nasdaq tumbled 2.2%. The U.S. Treasuries gaining in price, pulling down yields, and gold rising. And so, the investors are moving towards safe havens.

Shares in Evergrande has been scrambling to raise funds. So that they can be paid to its many lenders, suppliers and investors, closed down 10.2% at HK$2.28. Regulators have warned that its $305 billion of liabilities could spark broader risks to China’s financial system. Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia said that it started with the problems with the China Evergrande real estate company. He also thinks that it just has become a contagion. Tuz added that due to this everybody was afraid of September. Because this is the month that have significant selloffs.

YOU MAY ALSO LIKE

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Fed’s Waller says now is the time to hit it on raising rates

Economically sensitive sectors, such as financials and energy, were hit particularly hard. Still, stocks pared losses late with U.S. indexes ending above their session lows. The pan-European STOXX 600 index lost 1.67%. The selloff has seen a cumulative $2.2 trillion. Worries over Evergrande come as a rally in equities has stalled recently with investors focused on the impact of coronavirus cases on the economy. The U.S. Federal Reserve will meet. Then the investors look for when it will begin pulling back on its bond purchases.

Investors were also watching other central bank meetings spanning Brazil, Britain, Hungary, Indonesia, Japan, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan and Turkey. In currency trading, the dollar index rose 0.02%, with the euro up 0.01% to $1.1726. The offshore Chinese yuan weakened. Benchmark 10-year notes last rose 16/32 in price to yield 1.3158%. The iShares exchange-traded fund tracking high-yield corporate bonds fell 0.4%. U.S. crude settled down 2.3% at $70.29 per barrel. Spot gold added 0.6% to $1,764.30 an ounce.

Tags: EvergrandeStock Exchange
ShareTweetShare

Search

No Result
View All Result

Recent News

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering
  • Court puts sales ban on Ford’s internet linked cars in Germany
  • There is nothing left before Blockchain Fest in Singapore
  • Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
  • Sony readies for metaverse revolution with cross-platform push

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version