Chinese developer Modern Land defaults on bonds; real estate stocks are falling

Men work on construction site in high-rise building in Beijing, China, October 18, 2021. REUTERS / Thomas Peter Modern Land mentions liquidity problems for non-payment NDRC meets with real estate companies on Tuesday Hang Seng mainland property index falls more than 5% HONG KONG / SHANGHAI, October 26 (Reuters) – Modern Land (1107.HK) has missed … Read more

EXCLUSIVE Turkish state banks are likely to follow the central bank and lower interest rates on Monday sources

A customer uses an automated cash register at a branch of Halkbank in Istanbul on 15 August 2014. REUTERS / Osman Orsal ISTANBUL, October 24 (Reuters) – Turkish state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people familiar with the plan following the … Read more

HSBC pays property in China at 74% profit, $ 2 billion Repurchase

A man wearing a protective mask walks past an HSBC logo at headquarters in the middle of the coronavirus outbreak (COVID-19) in Kuala Lumpur, Malaysia on September 9, 2020. REUTERS / Lim Huey Teng / File Photo Q3 profit rises to $ 5.4 billion On better loan options Costs are going to cross up to … Read more

Hong Kong’s zero -COVID policy undermines the status of financial hub – industry group

A general view showing the Central Business District, in Hong Kong, China, September 15, 2021. REUTERS / Tyrone Siu HONG KONG, October 25 (Reuters) – A financial industry group warned on Monday that Hong Kong’s zero-COVID policy and strict quarantine requirements for international travelers threaten to undermine the city’s status as a financial hub. The … Read more

Nigeria launches digital currency on Monday, the central bank said

ABUJA, October 24 (Reuters) – On Monday, Nigeria will launch a digital currency, eNaira, the central bank said, months after it prevented banks and financial institutions from trading in or facilitating transactions in cryptocurrencies. The Governor of the Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said that eNaira would act as a wallet … Read more

Banks in Hong Kong disclose related property to customers who violate security law

A general view of the Two International Finance Center (IFC), HSBC’s headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS / Tyrone Siu HONG KONG, October 24 (Reuters) – Banks in Hong Kong are advised to disclose related properties to customers found to be in breach of the city’s national security … Read more

Afghanistan on the verge of collapse faster than expected, warns Swedish minister

Farzana, 30, holds her one-year-old baby, Omar, in the Infant Nutrition Department at Indira Gandhi Children’s Hospital in Kabul, Afghanistan October 23, 2021. REUTERS / Jorge Silva DUBAI, October 23 (Reuters) – Afghanistan is heading for an economic collapse that risks tracing the country to a new political crisis, warned Sweden’s Minister for International Development … Read more