Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande's (EGRNF) debt woes could affect the world's economy. "We see a new risk to the financial system stability in China," she told a news conference.
Fitch Ratings said on Sept. 16 that it had cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country's property sector on domestic demand.
World stock markets rallied on Thursday and the U.S. dollar retreated from one-month highs as worries faded about contagion from China Evergrande (EGRNF) and as investors digested the Federal Reserve's plans for reining in U.S. stimulus. Wall Street's main indexes all ended up at least 1% following solid advances in European markets.
There is a "risk" to Taiwan's application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership if China joins first, Taiwan's government said on Thursday, flagging a potential political roadblock. Taiwan formally applied to join on Wednesday, less than a week after China, the world's second-largest economy.
China's State Councillor and Foreign Minister Wang Yi said the various unilateral sanctions or restrictions on Afghanistan should be lifted as soon as possible. Economic sanctions on Afghanistan must end, the Chinese foreign ministry said in a statement, citing Wang at a virtual G20 foreign ministers meeting on Afghanistan on Wednesday.
Amazon.com Inc's (AMZN) cloud computing unit said on Wednesday it will launch data centres in New Zealand in 2024 and create about 1,000 jobs in the country over 15 years. After releasing an economic impact study, Amazon Web Services said it plans to invest NZ$7.5 billion in its new infrastructure hub - AWS Asia Pacific Region.
-U.S. Federal Reserve Chair Jerome Powell said on Wednesday that the debt problems of property developer Evergrande seem particular to China and that he did not see a parallel with the U.S. corporate sector.
* China Evergrande settles interest payments on bond. * MSCI global stock gauge regains ground for 2nd day. * Wall Street's main indexes end up 1% * Oil prices rise over 2%, gold slips. By Lewis Krauskopf and Tom Wilson.
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that the debt problems of property developer Evergrande seem particular to China and that he did not see a parallel with the U.S. corporate sector.
* China Evergrande settles interest payments on bond. * MSCI global stock index regains ground for 2nd day. * Wall Street indexes trim earlier gains. * Oil rises, gold slips. By Lewis Krauskopf and Tom Wilson.
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