Evergrande Group's debt crisis could pose spillover risks to the broader Chinese property sector, Goldman Sachs (GS) said in a note on Wednesday. The developer, which has liabilities of nearly two trillion yuan, is trying to raise funds to pay lenders and suppliers as it teeters between a managed collapse or the more distant prospect of a bailout by Beijing.
In honor of National Hispanic Heritage Month, El Pollo Loco (LOCO), Inc., the nations leading fire-grilled chicken restaurant chain, is calling attention to the disproportionate gap between the Hispanic communitys crucial contributions to the U.S. food and restaurant industry and national recognition of Hispanic culinary talent with the launch of its new For Your Consideration campaign, which spotli...
* Factory output rises at slowest pace since July 2020. * Retail sales takes big hit, with growth lowest since Aug 2020. * Focus shifts to property sector problems. By Stella Qiu and Gabriel Crossley.
* Sept manufacturers' sentiment index +18 vs Aug +33. * Service sector index -2 in Sept vs +5 in Aug. * Mood among manufacturers, service sector firms seen improving. By Daniel Leussink. Japanese manufacturers' confidence worsened to a five-month low in September as the fallout from the latest wave of COVID-19 put fresh pressure on the world's third-largest economy, the Reuters Tankan poll showed.
* August CPI grows at slowest pace in six months. * Financials worst performers as bond yields drop. * Indexes: Dow down 0.51%, S&P 500 down 0.16%, Nasdaq up 0.20% By Ambar Warrick.
The U.S. auto safety regulator said Tuesday it has asked 12 major automakers for assistance as part of its probe into crashes involving Tesla vehicles striking emergency vehicles while using advanced driver assistance systems like Autopilot.
The U.S. auto safety regulator said Tuesday it has asked 12 major automakers for assistance as part of its probe into crashes involving Tesla vehicles striking emergency vehicles while using advanced driver assistance systems like Autopilot.
Today, Jungle Scout, the leading all-in-one platform for selling on Amazon, released its Q3 2021 Consumer Trends Report, a quarterly study of 1,100 U.S. consumers which reveals how social media and tech continue to steer consumers' purchases particularly among younger shoppers. Key insights include: 40% of consumers search for products to buy while on social media.
Tanzania's economy grew by 4.9% in the 12 months to July 31, spurred by construction, transport, agriculture, manufacturing and mining and quarrying activities, the country's central bank said Tuesday. The growth was lower than the 5.9% expansion recorded during the prior-year period, the bank said. "Performance of the external sector of the economy continued to face challenges caused by Covid-19, particularly tourism, however, export of gold improved to about $3 billion in the...
Norway's center-left opposition parties have won a majority in parliament, ending eight years of conservative rule, in an election fought around the wealth gap and the future of the country's oil industry. After receiving over 26% of the vote in Monday's election, the Labor Party is the country's biggest party and its leader, John Gahr Store, is set to replace Erna Solberg as prime minister. Store said his preference is to form a majority government with the Center Party and the...
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