Money Talks

Evergrande shares rally as firm promises shift to electric vehicles | Money Talks

China Evergrande says it's changing lanes and making its car-manufacturing business the primary focus of the next 10 years. The company is one of China's biggest home and office builders, but has more than $300B in liabilities - roughly the same amount as its assets. Its subsidiary China Evergrande New Energy Vehicle Group has never sold any cars, and last month said it needed to offload assets or get new investors to make salary payments and cover other expenses. But its shares still rose as much as 17% on the news. AvaTrade’s Chief Market Analyst Naeem Aslam gave us his thoughts on Evergrande’s new venture.. #Evergrande #VehicleManufacturing #Property #China

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

Showcase: 'I Am Not Madame Bovary'

Showcase: 'I Am Not Madame Bovary'

Biz in 60: Evergrande nears default, SoftBank shares plummet, Saudi Telecom stake sale

Biz in 60: Evergrande nears default, SoftBank shares plummet, Saudi Telecom stake sale

Discarded clothing creates mountain of waste in Chile desert | Money Talks

Discarded clothing creates mountain of waste in Chile desert | Money Talks

Lebanese people turn to cryptocurrencies amid banking crisis | Money Talks

Lebanese people turn to cryptocurrencies amid banking crisis | Money Talks

Evergrande shares fall to 11-year low as company nears default

Evergrande shares fall to 11-year low as company nears default

UN seeks record $41B in humanitarian aid for 2022 | Money Talks

UN seeks record $41B in humanitarian aid for 2022 | Money Talks

South African businesses struggle under Omicron travel bans | Money Talks

South African businesses struggle under Omicron travel bans | Money Talks

Singaporean ride-hailing firm Grab raises $4.5B in SPAC listing on the Nasdaq | Money Talks

Singaporean ride-hailing firm Grab raises $4.5B in SPAC listing on the Nasdaq | Money Talks

US economy adds 210,000 new jobs, below expectations | Money Talks

US economy adds 210,000 new jobs, below expectations | Money Talks

Biz in 60: Turkey inflation, Kaisa debt crisis, DP World drops Haifa port bid

Biz in 60: Turkey inflation, Kaisa debt crisis, DP World drops Haifa port bid

OPEC+ members to raise monthly output by 400,000 barrels per day

OPEC+ members to raise monthly output by 400,000 barrels per day

Biz in 60: Turkey’s new finance minister, South Korea inflation, Disney’s first woman chair

Biz in 60: Turkey’s new finance minister, South Korea inflation, Disney’s first woman chair

Wall Street indices fall after US reports first Omicron case

Wall Street indices fall after US reports first Omicron case

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