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09/08/2022 Spotlight on China: China Evergrande Group, the world’s most indebted real estate developer, has completely withdrawn from Shengjing Bank after divesting all its stake in the Hong Kong-listed lender. 1.3 billion shares of Shengjing Bank were auctioned by Shenyang intermediate People’s Court in Liaoning province. They were finally sold at an opening bidding price of $1.1 billion (7.3 billion yuan). China’s state-owned companies took over Evergrande holding in Shengjing bank
U.S. secures $100 million in Venezuelan gold as tensions simmer over drug war and resource control
Iran’s Strait of Hormuz closure threatens global energy markets, Russia’s war funds and China’s oil supply
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