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Debt-laden Evergrande says in sale talks for certain assets; shares jump
HONG KONG/SHANGHAI (Reuters) – Shares of debt-ladden China Evergrande Group jumped on Wednesday after it confirmed that it is in talks to sell certain assets, as the move could ease cashflow pressure amid market speculation over a potential restructuring.FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby […]
Vietnam to ratify free trade agreement with EU at upcoming parliament meeting: minister
HANOI (Reuters) – Vietnam’s National Assembly will ratify the Vietnam-EU free trade agreement at its upcoming meeting, Minister of Industry and Trade Tran Tuan Anh said on Wednesday. Anh said the European Parliament’s move to approve the deal is a “significant milestone” in the relation between the Southeast Asian country and the EU. “The Ministry […]
Why Brent oil won’t follow U.S. WTI futures below zero
By Julia Payne LONDON (Reuters) – Brent oil futures are set for extreme volatility when the front-month June contract expires next week, but they will avoid the historic plunge below zero that U.S. peer WTI has suffered, traders and analysts said. West Texas Intermediate futures <CLc1> turned negative for the first time ever on Monday, […]