“Totally untrue”: Georgieva of the International Monetary Fund opposes the World Bank investigation | Bank News

This report puts Kristalina Georgieva, managing director of the International Monetary Fund, at risk of weakening her authority in the weeks leading up to the annual meeting of global finance…

UNDP’s Steiner on climate statistics that kept him awake at night | Business and Economic News

New York City, U.S.—— United Nations Development Program (UNDP) Administrator Achim Steiner told Al Jazeera that the world must use trillions of dollars of coronavirus pandemic recovery and stimulus measures…

US Economy: The Fed says it “may be necessary soon” to reduce the scale of debt purchases | | Business and Economic News

On Wednesday, the U.S. central bank prepared for the possibility of starting to withdraw some of the special support provided to the economy during the pandemic. One of the biggest…

UBS trader sues employer, claiming that “stress” damages mental health | Business and Economic News

A 35-year veteran of Swiss Bank UBS is seeking US$273,000 in damages, claiming that he has suffered a “punitive workload” that harmed his mental health. A UBS trader sued his…

India’s largest electric scooter company calls for stop using gasoline vehicles | Automotive Industry News

Hero Electric’s Naveen Munjal said that the transition to electric transportation will be “much slower” if market forces are left. go through Rajini SaxenaBloomberg India’s largest manufacturer of electric scooters…

Enticed by the promise of high returns, thousands of people provide cash to Evergrande | Bankruptcy News

Enticed by the promise of a yield close to 12%, gifts such as Dyson air purifiers, Gucci bags, and guarantees from China’s best-selling developers, tens of thousands of investors have…

China Evergrande said it would pay on time for bankruptcy news

The main department of China Evergrande Group has stated that it will pay the coupons on domestic bonds on time, which provides some relief to the nervous market due to…

Is the Evergrande crash a moment for China’s Lehman Brothers? | Business and Economic News

After Lehman Brothers declared bankruptcy on September 15, 2008, photos of hundreds of employees walking out of the New York City headquarters with boxes in their hands became one of…

Evergrande’s turmoil puts stocks that have little to no ties to China in trouble | Wall Street Journal Business and Economic News

A Chinese owner blew himself up, and the stock prices of American social media and auction companies quickly plummeted. The chain reaction may explain the extreme height of global risk…

Wall Street finds that Saudi Arabia is still thrifty in fees | Wall Street Journal Business and Economic News

Despite a large number of products issued this year, the wealth of Saudi IPOs has not yet been revealed to global banks. go through Rema Arosman and Matthew MartinBloomberg Facts…

China Evergrande’s stock has been hit hard by debt default fears | Wall Street Journal Banking News

As Evergrande scrambled to raise funds to repay debt, regulators warned that China’s financial system faces broader risks. Evergrande’s stock price plummeted by 19% on Monday to its lowest point…

During the Evergrande crisis, China injected US$14 billion in cash into the market. Business and Economic News

This move is because the troubles facing China Evergrande Group have exacerbated investors’ concerns about the health of the real estate and credit markets. China’s injection of more cash into…

As fears of collapse intensify, protesters evacuated from Evergrande headquarters | Business and Economic News

Security guards in Shenzhen took away protesters gathered at the headquarters of the troubled real estate developer China Evergrande Group, which is on the verge of a potential chaotic debt…

US Federal Reserve Board reviews ethics rules after transaction disclosure | Business and Economic News

After the recent disclosure that the two regional Fed presidents conducted a large number of transactions last year, the Federal Reserve Board is reviewing the ethical policies governing the financial…

U.S. court allows shareholders to take action against Boeing’s board of directors

Investors can sue some claims for the fatal 737 MAX accident, including failure to monitor safety issues. A judge in Delaware ruled that Boeing’s board of directors must face shareholder…