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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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The Sri Lankan ministry of finance has responded to a Fitch rating downgrade by saying that the country does not ‘accept’ the decision, and has in place a policy framework to tackle its debt obligations and spur economic growth. -
In this round-up, the official manufacturing and services Purchasing Managers’ Indexes reach multi-year highs, the bourses in Hong Kong, Shanghai and Shenzhen add pre-revenue biotech companies listed in Hong Kong as well as Star market shares to the Stock Connect programme, and four more Chinese companies will be added to a US list of firms with alleged military ties.
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In this round-up, China’s banking and insurance regulator decides to allow beleaguered Baoshang Bank to go bankrupt, Hong Kong’s chief executive says pre-profit biotech stocks and some Star companies will be added to the Stock Connect programme, and India moves to ban another 43 China-based mobile applications.
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China Evergrande Group got some relief from recent selling pressure this week, after convincing a large group of equity holders not to exercise a put option. It also signed up two new state-backed investors.
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Chinese domestic bond investors got a break from a wave of recent selling pressure this week, after a statement from a powerful financial regulator and a repayment pledge from one beleaguered issuer. But high-profile defaults continue.
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In this round-up, Beijing says it has suspended $2.1bn in debt payments from two dozen nations under the G20 framework, and the top Chinese financial regulators send strong signals to the onshore market in the wake of a string of domestic bond defaults.
