Israel's Ban on Palestinian Workers Is Hurting Both Economies
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Oct 17, 2021
Bloomberg News
,(Bloomberg) -- China Evergrande Group’s troubles are unlikely to trigger a financial crisis given the low exposure of local banks to the debt-laden developer and the ability of Chinese regulators to control markets, the Bank of Korea said Sunday.
China’s government may provide liquidity to the company and help it proceed with ongoing construction projects, South Korea’s central bank said in a weekly report. A recovery in the global economy will be positive for China and offset a potential shock from the debt crisis, the bank said.
China Breaks Silence on Evergrande, Says Risks Controllable
Evergrande’s problems will slow China’s growth, but the impact will be limited, the bank said. The Korean central bank added that it needs to monitor other structural issues in China, such as so-called shadow banking activities and corporate debt that may in turn hurt the global economy.
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