China Evergrande to sell $1.5B stake in Shengjing Bank to state firm
Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds.
China wields new legal weapon to fight claims of intellectual property theft
Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts.
WHO seeks to revive stalled inquiry into origins of Covid-19 with new team
The World Health Organization is reviving its stalled investigation into the origins of the Covid-19 virus as agency officials warn that time is running out to determine if the pandemic began in Wuhan, China, or somewhere else.
Huawei exec's release to China under Biden admin shows 'strategic retreat'
Schweizer said there is 'no question' President Biden has a conflict of interest with China
Bitcoin, Ethereum, XRP tumble on China crackdown
Bitcoin and other cryptos are crumbling as China flexes its muscle against digital currencies once again.
Varney says crackdowns have turned China into a 'truly totalitarian state'
FOX Business' Stuart Varney argues that the long list of China crackdowns has turned them into a totalitarian state.
China Evergrande auditor gave clean bill of health despite debt
Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much.
China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending Bitcoin, Ethereum, and XRP reeling.
China Evergrande keeps dollar bondholders guessing on key interest payment
Global investors who own China Evergrande Group's U.S. dollar bonds were in the dark Thursday about whether the property giant would make a key interest payment, a major test of the highly indebted developer’s ability to avoid a default.
Sen. Marco Rubio on the dangers of investing in Chinese companies: Not a Biden administration priority
Sen. Marco Rubio, R-Fla., argued on Thursday that the potential dangers of investing in Chinese companies is not a priority for the Biden administration.
China makes preparations for Evergrande’s demise
Chinese officials brace for Evergrande collapse, fearing economic and social fallout, as a bail out for the property developer looks unlikely.
Evergrande collapse could be ‘worse’ than Lehman for China, according to man who predicted Enron collapse
The collapse of embattled Chinese property developer Evergrande Group could prove to be “far worse” for investors in China than a “Lehman-type situation,” according to Jim Chanos, the veteran short seller who predicted Enron’s collapse two decades ago.
John Kerry dismisses Biden admin's lack of focus on the Uyghur genocide In China: Life 'full of tough choices'
John Kerry, the U.S. special presidential envoy for climate, on Wednesday justified the Biden administration’s focus on getting China to cooperate in the climate change fight over addressing China's genocide of its Uyghur minority.
US government to probe Zoom deal over China ties
A Justice Department-led panel is investigating Zoom Video Communications Inc.’s deal to buy an American customer-service software company, citing potential national-security risks posed by the U.S. videoconferencing giant’s China ties.
Dow Jones jumps 338 points as Fed signals tapering, rate hikes
U.S. stocks posted strong gains but finished off session highs Wednesday after the Federal Reserve signaled tapering would likely begin later this year and that interest rate hikes will start in 2022.
China's Evergrande says it will make debt payment
Evergrande's struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.
Evergrande unit to make $35.9M onshore coupon payment on Sept 23
China Evergrande Group's main unit said on Wednesday that it would make a bond interest payment on Sept. 23, offering some relief to global markets on edge over a possible default by China's No. 2 property developer.
Kudlow: Xi Jinping is campaigning against private enterprise
Larry Kudlow slammed Xi Jinping over his economic policies and compared them with Biden's economic policies during his Tuesday monologue on 'Kudlow'
Developer China Evergrande’s ‘darkest moment’ will pass, boss tells staff
Evergrande troubles have spilled over into other areas of China's economy, hurting both Chinese and offshore investors.
Sen. Cramer on UN address: Biden likes to ‘apologize’ for US
Sen. Kevin Cramer on what to expect from Biden’s U.N. General Assembly address.