NEW YORK, Sept 22 — World stock markets stabilised yesterday and oil prices regained ground a day after heavy selling of risk assets, as investors assessed the level of contagion stemming from distress at developer China Evergrande and awaited central bank meetings.
Investors were focused on the situation at Evergrande, where persistent default fears eclipsed efforts by the debt-laden group’s chairman to lift confidence as Beijing showed no sign it would intervene to stem any domino effects across the global economy. Central bank meetings in the United States and elsewhere in the world were soon to take centre stage for markets, with a Federal Reserve meeting due to conclude today as investors look for when it will ease its bond-buying programme.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergrande contagion fears hit Hong Kong stocks, with default expected | Malay MailHONG KONG, Sept 20 — Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong today, with the firm expected to default on upcoming interest payments this week. The firm, one of the country’s biggest developers,...
Source: malaymail - 🏆 1. / 86 Read more »
Universal Music to make stock market debut on Euronext | Malay MailPARIS, Sept 20 — Universal Music Group, the world’s biggest label whose lineup features The Beatles, Billie Eilish and Taylor Swift, is set for a huge stock market debut tomorrow. The company is based in the US but owned by French media conglomerate Vivendi, which is offloading a majority stake...
Source: malaymail - 🏆 1. / 86 Read more »
Universal Music valued at US$39b ahead of stock market debut | Malay MailPARIS, Sept 21 — Universal Music Group, the world’s biggest label whose lineup features The Beatles and Taylor Swift, was valued at more than US$39 billion (RM163.5 billion) on Monday, a day before its huge stock market debut. The company is based in the US but owned by French media...
Source: malaymail - 🏆 1. / 86 Read more »