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

Wall Street rally, currencies and oil

SINGAPORE – Stocks in Japan looked poised for a positive start on Friday after overnight gains on Wall Street as the S&P 500 jumped nearly 2%. The Nikkei 225 index futures contract in Chicago was 28815 while its counterpart in Osaka was 28810. This compares with the last close of the Nikkei 225 index at … Read more