German Skilled Labor Shortage Worsens
A new business survey of almost 9,000 German corporations conducted by the Munich-based Ifo Institute found Germany’s shortage of qualified workers is getting worse. According to the poll, which was…
China’s Evergrande Files For Chapter 15 Bankruptcy Protection In Manhattan
On Thursday, Chinese real estate giant Evergrande filed in Manhattan court for Chapter 15 bankruptcy protection. In the filing, the company noted it wanted the court to formally recognize restructuring…
Fears Over China Cause Biggest Nikkei Weekly Loss In 8 Months
On Friday, the Nikkei share average in Japan suffered the biggest weekly loss it has seen in eight months and saw its third losing session in a row, as concerns…
German Economy To Remain Stagnant In Second Half
On Monday, Bloomberg reported that economists are forecasting that the German economy will continue to stagnate over the second half of the year, as fallout from the winter recession continues…
Netherlands Enters A Recession
Following two consecutive quarters of economic contraction, the Netherlands has now entered into an official recession, according to new data released Wednesday by Statistics Netherlands (CBS). After a 0.4% contraction…
British Unemployment At Two-Year High
On Tuesday, the British Office for National Statistics (ONS) reported that the unemployment rate in Britain has hit the highest level in almost two years. It noted the increase was…
Argentina Devalues Peso, Jacks Interest Rates After Shock Win Of Right-Leaning Libertarian
On Monday, following a shocking Argentine primary election win by far-right libertarian candidate for President Javier Milei, Argentina’s central bank devalued its currency, the peso, by almost 18%, and jacked…
China Real Estate Developer Bigger Than Evergrande Is Teetering
With 1.4 trillion yuan ($194 billion) in total liabilities at the end of 2022, one of China’s biggest developers, Country Garden Holdings Co., has acknowledged that it underestimated the market…
Chinese Bourses Overhaul Rules To Revive Markets
On Thursday, the Shanghai and Shenzhen stock exchanges announced they would be examining measures to reduce investor’s trading costs and improve liquidity in an effort to stimulate the market further.…
Chinese Developer’s Missed Coupon Payments Could End Up Dwarfing Evergrande
Once China’s biggest developer according to sales, Country Garden Holdings Co. has succumbed to growing liquidity issues and increasing scrutiny of its operations, finally becoming a penny stock on the…
