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China Evergrande Group (EGRNY)

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3.8100+0.2000 (+5.54%)
At close: 09:52AM EDT
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  • Reuters SG

    EMERGING MARKETS-Asian markets rally as geopolitical fears ease; Thai cenbank holds rates

    * Bank of Thailand holds rate at a record low * Korean won strengthens 0.8% * Malaysian cenbank cuts growth forecast * All regional currencies, stock (ex-Japan) gain By Harshita Swaminathan March 30 (Reuters) - Asian currencies and equity markets gained on Wednesday as the likelihood of a negotiated resolution to the Russia-Ukraine war boosted risk appetite, while Thailand's central bank stood pat on its key interest rate to support a pandemic-ravaged economy. The Bank of Thailand reduced its growth outlook for 2022 while saying it expected inflation to come in above the target this year before falling back within its 1-3% target range next year. The baht and Thai equities inched marginally higher after the central bank's much-expected decision.

  • Reuters SG

    EMERGING MARKETS-Asian currencies, stocks rally on Russia-Ukraine peace talks

    The Bank of Thailand is expected to maintain the 1-day repo rate at 0.50%. Negotiators from Russia and Ukraine met in Turkey late on Tuesday to discuss a peace deal, where Russia promised to scale down military operations around Kyiv and another city, and Ukraine proposed adopting a neutral status.

  • Reuters

    China Evergrande to sell Crystal City Project for $575 million

    The firm is selling the land-use and building ownership rights for the project, which is under construction, to Zhejiang Zhejian Real Estate Group and Zhejiang Construction Engineering Group, Evergrande said in a filing. Saddled with over $300 billion in liabilities, Evergrande has been struggling to repay suppliers, creditors and complete projects. In a separate filing late on Tuesday, Evergrande said it had set up an independent committee to investigate how banks seized 13.4 billion yuan in deposits of its property services arm, Evergrande Property Services Group, that had been pledged as security for third party guarantees.