Tomorrow is looming as crunch day for the beleaguered debt-burdened Chinese property developer Evergrande when interest payments on two bonds fall due. Evergrande is up for a payment of $83.5 million in interest on an 8.25 percent five-year bond and a $36 million payment on another debt on the same day. China Evergrande Centre [Wikimedia […]
News Published: September 21, 2021 10:25 pm Tags: news Businesses that were already struggling due to the slow-down of the pandemic are worried a $42 million Broadway construction project could make it harder for customers to reach their establishments. Read more…
SALISBURY, Md. – Looking around the Camden Avenue Farmers Market, the signs of fall are definitely present. Mums, apples, and more entice shoppers while farmers prepare for autumn. “We’ve been seeing that normal summer lull that we usually get, and now people are coming back The university’s open again, so here we go. We’re getting […]
Oil ended modestly higher after a choppy session as concerns over growing tight supply outweighed fears over the state of China’s economy. Futures in New York closed 0.4% higher, posting the first gain in nearly a week as traders focused on growing supply constraints in the U.S. Gulf of Mexico following lasting damage from Hurricane […]
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Long Island’s wind farms will create at least 6,800 jobs with annual salaries averaging $100,000. That’s according to NYSERDA — New York State Energy Research and Development Authority — the state agency overseeing five offshore wind projects currently […]
Gold futures headed higher for a second straight session on Tuesday, as the U.S. dollar edged back, helping to extend gains for the precious metal which has been partially supported by worries stemming from a downturn in China’s property market. Traders also are positioning ahead of a Federal Reserve policy statement and interest-rate projections at […]
An entrepreneur working on a laptop. Photo via Pixabay Three business groups –the Oceanside Chamber of Commerce, the National Veterans Chamber of Commerce and SCORE, the SBA’s small business consulting arm — are launching a new business incubator for women, especially those serving in the military and spouses of those serving in the military. The […]
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo WASHINGTON, Sept 20 (Reuters) – Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group […]
Economic activity next year in Malaysia and India, two of the countries most affected by Covid-19 outbreaks in recent months, is expected to recover faster than earlier forecast, latest surveys show. Malaysia’s growth outlook was upgraded by the most in the region — 85 basis points to an expansion of 5.65% next year, according to […]
CNBC’s Jim Cramer said Monday he believes beleaguered Chinese property developer Evergrande does not present a major risk to the U.S. economy and financial system. “Evergrande’s stock has been obliterated and that pain is spreading to the rest of the Chinese real estate industry, to the Chinese financial sector and to foreign banks with lots […]
