Contagion fears spread as China property sector cash crunch intensifies
By Clare Jim and Shuyan Wang HONG KONG/BEIJING (Reuters) – China’s largest private real estate developer Country Garden is seeking…
China’s Country Garden woes raise fears of REIT defaults – J.P.Morgan
(Reuters) -Turmoil at China’s largest private developer Country Garden could set off a “vicious cycle” of financing stress on the…
Little-known Kakar sworn in as Pakistan’s PM to oversee elections
By Ariba Shahid KARACHI, Pakistan (Reuters) – Anwaar-ul-Haq Kakar, a little-known politician who is believed to be close to the…
AMC stock sinks, preferred units climb after conversion settlement
By Medha Singh (Reuters) – AMC Entertainment’s shares slid 35% on Monday on fears that the approval of a revised…
Argentina raises interest rate, devalues peso after shock primary election -official source
BUENOS AIRES (Reuters) – Argentina’s central bank will raise the benchmark interest rate to 118% from 97% previously, an official…
Canoo finalizes incentive package with Oklahoma, Cherokee Nation
(Reuters) – Electric-vehicle startup Canoo said on Monday it finalized incentive agreements with the state of Oklahoma and the North…
Indonesia says Tesla plans to invest in battery material facility
JAKARTA (Reuters) – Indonesia said on Monday that U.S. electric carmaker Tesla plans to invest in the manufacturing of battery…
Boeing front-runner in wide-body jet talks with IndiGo -sources
By Aditi Shah NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for around 25 wide-body…
Foreign tourism to Portugal registers best-ever first half
LISBON (Reuters) – The number of foreign tourists visiting Portugal surpassed eight million in January-June, making it the best first…
MSCI to acquire remaining stake in Burgiss for $697 million in cash
(Reuters) – Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based…