China’s central bank says Evergrande is unique and most real estate developers are stable

An outside view of the Evergrande China Center in Hong Kong, China on March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that debt developer China Evergrande is its own case, and that most of the country’s real estate companies are stable. Real estate giant Evergrande has $300 … Read more

China risks making ‘big mistakes’ with crackdown: Ex-IMF chief economist

The former chief economist of the International Monetary Fund has said that China risks making “big mistakes” as it cracks down on large swathes of its economy from technology to tutoring and real estate. “I’m very concerned about China because it is somewhat attacking the basis of its growth so far,” Raghuram Rajan said in … Read more

Sydney to allow quarantine-free international travel for Australians

People gather for picnics beside Harbor Bridge in the suburb of Kirribili on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have been eased for people in NSW who have been fully vaccinated. James DeMorgan | Getty Images News | Getty Images Fully vaccinated Australians arriving in Sydney from abroad will no longer have to … Read more

Indonesia’s Bali is reopening to tourists but not Australia, Singapore

The holiday island of Bali reopened to tourists from select countries on Thursday in what Indonesian authorities called a “small steps” approach to resuming international travel. Indonesia closed its borders to foreign travelers about 18 months ago. Vaccinated tourists from 19 countries — including China, India, Japan, South Korea and New Zealand, as well as … Read more

GDP forecasts by Goldman, JPMorgan, Citi, Stanchart

Workers work at a swimwear factory in Jinjiang, southeast China’s Fujian Province, on Tuesday, September 28, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Ahead of China’s quarterly growth figures on Monday, most major investment banks cut their economic forecasts for the year and warned that sudden power outages and a downturn … Read more

United Wholesale Mortgage ditches its plan to accept bitcoin, ethereum

It seems that US home buyers are not interested in paying their mortgages with cryptocurrencies like Bitcoin. United Wholesale Mortgage, which debuted in January with a Special Purpose Acquisition (SPAC) merger, began experimenting with crypto payments in August for the first time in the industry. But CEO Matt Ishbea told CNBC that after his testing, … Read more