China Evergrande (3333.HK) proposed a new debt restructuring plan for offshore bondholders, offering to swap debts into 30% equity stakes in each of the developer's two Hong Kong-listed subsidiaries. With euro zone GDP numbers showing a contraction of the bloc's economy in the third quarter - in stark contrast to the boom in the United States - China's economy again showed signs of faltering on Wednesday.Ĭhinese factory activity unexpectedly contracted in October, a private survey showed on Wednesday, adding to a downbeat official manufacturing purchasing managers' index on Tuesday. crude prices fell to their lowest since August on Tuesday - to just above $80 per barrel and clocking year-on-year declines of some 7% that are the deepest since August too. consumer confidence has softened, oil prices are falling again and the overseas demand picture is weakening.ĭespite all the handwringing about the impact on energy prices from the Middle East conflict, U.S. Fed officials will cast a wary eye over data released on Tuesday showing employment cost inflation picking up during the last quarter alongside accelerating house price rises in September.īut U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |