HONG KONG (Reuters) -Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets. Shares in Evergrande, which has been scrambling to raise funds to pay its many lenders, suppliers and investors, closed down […]
(Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery spurred a selloff across sectors at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus.FILE PHOTO: People wearing face masks walk by the New York Stock Exchange (NYSE) […]
The advice to households on energy bills has always been to save big through fixed-rate deals and to switch supplier or tariff when the contract ends. Simples right? But what a TV meerkat or operatic tenor with a dodgy moustache may not be able to tell you in ads this time around is that the […]
SkyBus services between Auckland Airport and the city face the axe, as the operator is in last-ditch talks to save it. Up to 23 jobs could be lost but Go Bus, which runs the service, says it hopes to redeploy the staff to other parts of its operation. It relies heavily on international visitors and […]
For six years, Audrey Ellis and Adam Feuerstein worked together at PwC, the giant accounting firm, helping the world’s biggest companies avoid taxes. In mid-2018, one of Mr. Feuerstein’s clients, an influential association of real estate companies, was trying to persuade government officials that its members should qualify for a new federal tax break. Mr. […]
NEW DELHI (Reuters) – A senior U.S. trade official privately criticised India’s July decision to ban Mastercard Inc from issuing new cards, calling it a “draconian” move that caused “panic”, according to U.S. government emails seen by Reuters.FILE PHOTO: Smartphone with Mastercard logo is seen in front of displayed stock graph in this illustration taken, […]
(BLOOMBERG) – Affluent New Yorkers used to pay a premium to live in apartments that are within walking distance to their offices in the city. The pandemic has turned that calculus upside down. That is the conclusion from AEI Housing Centre research, which found that all but two of the 20 sharpest declines in metro-area […]
They speak the language of Government for well-paying clients, leading to claims of influence for hire. So who are New Zealand’s top lobbyists? Since the change in Government in 2017 the game is increasingly dominated by figures with links to the Labour Party. Hamish Rutherford reports. Depending on who you talk to, lobbying is either […]
(Reuters) -Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. That’s an outcome the White House on Friday warned could plunge the economy into recession.FILE PHOTO: U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine […]
BEIJING/HONG KONG (Reuters) – One of China Evergrande Group’s main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters.Security personnel stand guard outside Evergrande’s headquarters, in Shenzhen, Guangdong province, China […]