Traders in mainland China were likely the main force behind the jaw-dropping rally in distressed developer stocks Wednesday. Through the trading links with Hong Kong, onshore investors purchased a net HK$540 million ($69 million) and HK$125 million worth of Sunac China Holdings Ltd. and Country Garden Holdings Co. respectively, according to Bloomberg calculations based on exchange data.
Texas declared its first power emergency since a deadly winter storm two years ago and came close to rolling blackouts as soaring temperatures roasted the second-largest US state.
Mexico’s ruling Morena party picked Claudia Sheinbaum, the former mayor of Mexico City, as its candidate to succeed President Andres Manuel Lopez Obrador, seeking to retain power in next year’s general elections.
European natural gas storage levels have become a key market indicator, according to Trafigura Group, a top trader of the fuel.
Australia’s monthly trade surplus narrowed in July as exports of natural resources such as gold, coal and iron ore fell while imports climbed.
A Greek shipping company admitted to violating US sanctions on Iran by transporting oil from the Middle East country in an agreement with the US that was kept under wraps for almost five months amid fears of Iranian retaliation.
Qantas Airways Ltd.’s woes deepened after the government said it’s looking to shake up the way takeoff and landing slots are granted in Sydney in order to help smaller rivals like Rex and Bonza.
The US scrapped a test on Wednesday of what’s meant to be the Army’s first hypersonic missile in its arsenal, a setback as the US looks to catch up with China for a crucial weapon of the future.
A US prosecutor will seek to indict President Joe Biden’s son Hunter before the end of September, catapulting the case back into the public spotlight as the president ramps up his reelection bid.
New Zealand’s central bank is getting more capital from the government to allow it to meet balance sheet risks and enable it to deploy tools to ensure financial stability.
