HK court orders China Evergrande to liquidate with debts of $300 bln
A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis.
US economy brushes aside recession fearmongering with strong Q4 performance
The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and shrugged off dire predictions of a recession after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5 percent.
India rates spring to record highs on dwindling supplies, firm demand
Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand.
Vietnam domestic coffee prices, Indonesia premium rise on thin supplies
Vietnamese coffee prices extended gains on Thursday on concerns about thin supplies, traders said.
China’s attempts to lift confidence in economy fall flat
Chinese Premier Li Qiang went to the World Economic Forum in Davos last week with a mission to present a positive image of the economy and schmooze financial elites: "Investing in the Chinese market is not a risk, but an opportunity."
