Country Garden shares hit record low after profit warning as debt fears loom
The stock reached an intra-day level of 90 Hong Kong cents after the company warned it is expecting a loss of between $6.24 billion to $7.63 billion for the six months ended June.
CNBC Daily Open: Is China a no-go for U.S. investment?
President Biden’s executive order regulating U.S. technology investment in China is the first time Washington is imposing restrictions on U.S. capital outflows.
UBS ends Credit Suisse’s government and central bank protections
UBS’ takeover of Credit Suisse was brokered in March, amid talks with the Swiss government, the Swiss National Bank and regulator FINMA.
UK economy posts surprise second-quarter growth as households kept spending
The U.K. economy recorded surprise growth in the second quarter as household consumption rose.
Acquisition of Adani Capital opens access to India’s ‘underbanked’ market, Bain says
In July, the Boston-based firm agreed to acquire 90% of Adani Capital and Adani Housing, buying out all of Indian billionaire Gautam Adani’s family’s stake in the company.
What Biden’s executive order means for U.S. investors in China
The Biden administration’s long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented.
Singapore narrows 2023 growth forecast on ‘weak’ external demand
The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday.
$1,850 a day? What it costs to visit the 10 most expensive vacation destinations in the world
The Caribbean island of St. Barts is the world’s most expensive place to visit, according to a ranking of average travel costs in 100 popular vacation spots.
CNBC Daily Open: Chilling effect
President Biden’s executive order regulating U.S. technology investment in China is the first time Washington is imposing restrictions on U.S. capital outflows.
Gold prices to breach all-time highs? Some expect bullion to hit $2,500
Gold prices may set new all-time highs in 2024 on the back of a peak in interest rates, looming recessionary fears and higher consumer demand, analysts say.
