Consumers are starting to feel the effects from surging costs coursing through the global economy. With coronavirus restrictions being lifted, the rebound impact has exposed supply chain shortages, with many companies scrambling for workers, ships and fuel to power factories, which jeopardise the economic recovery. Britain’s biggest chicken producer, Ranjit Singh Boparan, owner of the …
Continue reading "Surging costs catch global economy in perfect storm"
The European Union and China have both announced new plans this week to dramatically reduce greenhouse gas emissions to slow the pace of climate change. Many scientists say the warming climate is creating more hurricanes, floods, forest fires, and other events that threaten millions of people and the global economy. The EU and China represent two of …
Continue reading "New Climate Change Plans from the EU and China"
On Tuesday morning, 19th October 2021, we were delighted to welcome back our Evenco International Fund Forum to the Westin Palace Milan. The morning event was an exclusive conference where professionals in the management and distribution of funds, institutional investors, fund selectors and discretionary managers based in Milan, came together to discuss and debate the …
The Evergrande Group appeared to avoid default with a last-minute bond coupon payment, a source said today (22nd Oct), buying it another week to deal with a debt crisis looming over the world’s second-biggest economy.According to Reuters, China’s second-largest property developer sent $83.5 million to a Citibank trustee account on Thursday, permitting it to pay interest …
Continue reading "Evergrande finds funds to avoid default…for now"
The S&P 500 kick started a busy week for third-quarter earnings on Monday, by securing its 56th record close of the year, reflecting a stunning 21.6% gain already for 2021. Market Watch state that ”even more dramatically, the new high-water mark means the S&P 500 has now more than doubled since the worst of last …
According to sources, some Chinese property developers have voiced their intention to the regulators to extend their offshore bond maturities or undertake a debt restructuring, as a growing number of defaults hits the sector, causing turmoil for Fund Selectors who hold the bonds. The developers proposed the ideas at a meeting jointly held yesterday by …
Continue reading "China developers propose offshore debt maturity extension"