Morning Brief: Top Stories Dominating Financial Media on Wednesday, March 23
CNBC
US Approves $2.9B In Grant For Infra Projects
More Trouble Looms For Evergrande As Angry Debtors Prepare To Take Legal Action: FT
A group of distressed debt investors in the U.S. and U.K. are prepared to take action against Evergrande Group (OTC:EVGPY), the…
Alibaba, Tencent Help China Continue To Attract Global Investment Amid Odds
Investors have long relied heavily on New York and Hong Kong-listed companies like Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTC: TCEHY) to gain exposure to China, partly due to re
Liability Laden Evergrande Now Eyes China’s EV Market: CNBC
Chinese property developer Evergrande Property’s (OTC:EVGPF) (OTC:EVGPY) electric vehicle unit will make its EV debut in 2022, CNBC reports. The move…
How China’s Financial Sector Probe Could Pose Risk For Alibaba, DiDi?
Chinese President Xi Jinping will launch an inspection on the ties between China's state banks and other financial honchos with big private-sector players that VP Wang Qishan allegedly helped avoid for years,
Chinese Stocks Gain Steam As Citi, Barclays, UBS Discount Evergrande Crisis Compared To Lehman
Citigroup Inc (NYSE: C), Barclays PLC (NYSE: BCS), and UBS Group AG (NYSE: UBS) strategists have discounted the magnitude of Evergrande Property (OTC:EVGPF) (OTC:EVGPY) crisis relative to the Lehman Brothers…