China Evergrande Group said its billionaire chairman Hui Ka Yan is suspected of committing crimes, escalating the legal peril for a real estate tycoon whose indebted conglomerate has saddled investors, homeowners and suppliers with billions in losses.
(Bloomberg) -- The US Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the US.
Clear Channel Outdoor Holdings Inc. will pay $26 million to settle Securities and Exchange Commission allegations that the advertising company bribed Chinese government officials to help get display ads on bus shelters and other outdoor spots.
More junk-rated companies are likely to default on their debt as the US economy slows, according to Franklin Templeton portfolio manager Benjamin Cryer, who is waiting for wider spreads before buying the bonds.
Stocks in Asia were poised to follow a rebound in the US as the month and quarter draw to a close, while oil’s rally faltered and Treasury yields fell.
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