Prime Minister Rishi Sunak said the British government was working to find a solution to limit the potential hit to companies resulting from the collapse of U.S. lender Silicon Valley Bank. Sunak said he understood “the anxiety and the concerns customers of the bank have,” in comments made to reporters flying with him to the…
Investors Grappling With Evergrande Fallout Weigh Risk of Wider Pain
September 21, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesEconomiesevergrandefalloutInvestmentinvestorsMarket WatchMarketsrisk
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NEW YORK—Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world. For now, many U.S.-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis…
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