HONG KONG (Reuters) – Hong Kong retailers are retreating from the city’s protest-hit tourist areas as visitor arrivals drop, with a top jeweler and cosmetics chain pulling out of prime shopping districts such as Causeway Bay and Tsim Sha Tsui. Jewellery chain operator Chow Tai Fook Jewellery Group Ltd <1929.HK> said on Wednesday it would […]
SHANGHAI (Reuters) – China Evergrande Group on Friday confounded market expectations that it would formally default this weekend, supplying funds to pay interest on a U.S. dollar bond before the expiration of a 30-day grace period on Oct. 23.A man walks past a No Entry traffic sign near the headquarters of China Evergrande Group in […]
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. The IMF now expects 2020 […]
