SHANGHAI—Lured by the promise of yields approaching 12 percent, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through China Evergrande Group. Now, many fear they may never get their investments back after the cash-strapped property developer recently stopped…
With Gucci Bags and Dyson Appliances, Evergrande Wooed Retail Investors
Asian Shares Perk up but Evergrande Jitters Keep Investors on Edge
September 23, 2021
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Asia & PacificasianBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeevergrandeHK BusinessHong KongInternationalInvestmentinvestorsMarketsSharesUSWorld
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HONG KONG—Asian shares made cautious gains on Thursday, supported by some positive news from cash-strapped developer China Evergrande Group, while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight. However, nerves were still frayed about Evergrande’s future and the country’s property sector as a whole, with a…
Investors Grappling With Evergrande Fallout Weigh Risk of Wider Pain
September 21, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesEconomiesevergrandefalloutInvestmentinvestorsMarket WatchMarketsrisk
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NEW YORK—Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world. For now, many U.S.-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis…
Investors Tune in as Universal Leaps on Market Debut
Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. The world’s biggest music label, which represents musicians and song catalogs from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market…
Fed to Reveal New Projections With Investors on Alert for Rate Liftoff Timing
Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening. The so-called “dot plot,” released quarterly, charts policymakers projections,…
Analysis: Investors Brace for a Great Fall in China
September 20, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesEconomiesEuropeevergrandeFallgreatHong KongInternationalInvestmentinvestorsWorld
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LONDON—International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head. The developer’s woes have been snowballing since May. Dwindling resources, set against $305 billion of liabilities, have wiped nearly 80 percent off…
Americans Seeking a Retirement Miracle
Many Americans worry they will run out of money in retirement and it’s getting worse, a new survey shows. Four in ten U.S. investors think that it’s going to take a miracle to be able to retire financially secure. Nearly half (46 percent) of millennials feel this way, according to the 2021 global retirement index…
Americans Seeking a Retirement Miracle, Survey Shows
Many Americans worry that they will run out of money in retirement and it’s getting worse, a new survey shows. Four in 10 U.S. investors think that it’s going to take a miracle to be able to retire financially secure. Nearly half (46 percent) of millennials feel this way, according to the 2021 global retirement…
Investors Tense up as Fears of Post-Election Gridlock Rise in Canada
TORONTO—Foreign investors are growing more worried that Canada’s federal election on Monday could result in a deadlock that hampers Ottawa’s response to the COVID-19 pandemic and further slows the economic recovery from the crisis. Polls show Prime Minister Justin Trudeau’s center-left Liberals virtually tied with the opposition Conservatives ahead of the Sept. 20 vote, raising…
Fading Retail Demand for US Stocks Could Hit S&P 500: Vanda
Retail investors’ appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500 at a time when it is already about 2 percent off its record high. In the five days to Tuesday, retail investors bought $657.7 million…
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