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Evergrande shares halted after Hong Kong court orders liquidation

Shares of China Evergrande were halted after plunging over 20% in early trading on Monday after a Hong Kong court…

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Economy

Turkish lira hits fresh record low against the U.S. dollar

Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images…

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Shadow bank Zhongzhi files for bankruptcy as China’s debt and property crisis deepens

HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang…

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Economy

India overtakes Hong Kong to become the world’s seventh largest stock market

Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg…

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Fed is ‘disconnected’ from reality, must cut rates 5 times next year, portfolio manager says

The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy…

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