Money Talks

Evergrande averts another default, UK economy slows, Turkey current account widens | Money Talks

China Evergrande averts default by making last-minute payment The heavily-indebted Chinese property developer, Evergrande, appears to have averted default with a last-minute bond interest payment. Several investors reportedly received overdue payments on three bond tranches, which were due on Wednesday. The cash-strapped company had missed interest payments on bonds totaling 148-million dollars last month. UK economic growth slows to 1.3% in third quarter The UK's economic recovery lost steam in the third-quarter due to global supply chain challenges. Official figures show GDP expanded 1-point-3 percent from July through September, compared with 5-and- a-half percent in the second quarter. The world's fifth-largest economy is still 2-point-1 percent smaller than it was in the last quarter of 2019, before the pandemic. Turkey's current account surplus widens in September And Turkey has posted a current account surplus in September for the second consecutive month, on the back of a jump in tourism revenue. The surplus came in at 1-point-6 billion dollars, widening from the 528-million dollars recorded in the previous month. Turkey's tourism income has more than doubled from a year ago to 3-point-8 billion dollars.

Picture This: Brussels Attacks Anniversary

Picture This: Brussels Attacks Anniversary

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

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Showcase: 'I Am Not Madame Bovary'

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Biz in 60: Netflix subscriber outlook, S Korea-Egypt deal, US house market

Netflix shares fall 20% on slowing subscriber growth

Netflix shares fall 20% on slowing subscriber growth

Turkiye's central bank keeps policy rate unchanged at 14%

Turkiye's central bank keeps policy rate unchanged at 14%

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

China's central bank cuts key lending rates amid economic woes

China's central bank cuts key lending rates amid economic woes

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Asia-Pacific markets fall after overnight sell-off on Wall Street

Asia-Pacific markets fall after overnight sell-off on Wall Street

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Brent futures in London climb above $87 a barrel, WTI tops $85

Brent futures in London climb above $87 a barrel, WTI tops $85

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Chinese economy grows at slowest pace in 18 months in Q4

Chinese economy grows at slowest pace in 18 months in Q4

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