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Global military spending in 2023 rose to the highest levels ever recorded, analysts said. All five of the institute's defined geographical regions saw rises in military spending for the first time since 2009, with Europe, the Middle East, Asia, and Oceania recording particularly large increases, it said. This, in turn, has ramped up military spending. It also highlighted Ukraine, which ranked eighth in terms of overall defense spending, following a 51% year-on-year increase. At the same time, Israel saw its defense spending rise by 24% to reach $27.5 billion in 2023, mostly due to its large-scale offensive in Gaza, SIPRI's report found.
Persons: , SIPRI, Nan Tian, Diego Herrera Carcedo, Lorenzo Scarazzato, spender, Israel Organizations: Global, Stockholm International Peace Research Institute, Service, International Crisis, Getty, NATO Locations: Stockholm, Europe, East, Asia, Oceania, Ukraine, Gaza, Ethiopia, Myanmar, Bakhmut, Donetsk Oblast, Anadolu, China
The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends. "The unprecedented rise in military spending is a direct response to the global deterioration in peace and security," Nan Tian, senior researcher in SIPRI's military expenditure and arms production programme, said in a statement. Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. Ukraine's military spending meanwhile totaled around $64.8 billion — around 59% the amount of Russia's spending, but 37% of Ukraine's GDP, the report said. Tensions in the Middle East also significantly contributed to the overall rise in global military spending, the report said.
Persons: Nan Tian, spender, Lorenzo Scarazzato, Donald Trump, Jens Stoltenberg Organizations: 1st Tank Brigade, Ukrainian Ground Forces, Getty Images, Stockholm International Peace Research Institute, Kyiv, NATO, U.S Locations: Ukraine, Stockholm, Central America, Caribbean, Russia, China, U.S, East, Israel, Gaza
The study, by the Stockholm International Peace Research Institute, concluded that global military spending reached $2.4 trillion last year — a 6.8 percent increase from 2022. “The unprecedented rise in military spending is a direct response to the global deterioration in peace and security,” said Nan Tian, a senior researcher at the institute, which has tracked military expenditures since at least 1988. He described an “increasingly volatile geopolitical and security landscape.”Ukraine, in its first full year of war with Russia, devoted $64.8 billion to its military in 2023. That accounted for 58 percent of the government’s overall spending last year and 37 percent of the country’s gross domestic product. Only seven other countries spent more on military and defense costs than Ukraine in 2023, analysts found.
Persons: spender, , Nan Tian Organizations: Stockholm International Peace Research Institute Locations: Ukraine, Stockholm, Asia, United States, Russia
At New York's Dragon Festival, authentic Chinese brands and restaurants excite locals' taste buds. Its founder shared some of her favorite vendors of soup dumplings and candies at the opening event. "This doesn't taste like home," said Xu, a 31-year-old entrepreneur and the creator of New York City's Dragon Festival, the biggest Chinese-food festival in the metropolitan area. Jessie YuChen for BIChen said that confectioners in her home province of Fujian, China, caught her attention when she was younger. In 2006, inspired by the soup dumplings made popular by Shanghai's Nanxiang district, Ma opened his first New York City storefront.
Persons: , Xu, Jessie YuChen, she's, Mila, Tang Hulu, I'm, Bu Tong, Ivy Chen, Dragon Lulu, Chen, Vivian Cao, confectioners, Emperor Guangzong, Michael Ma, Xiang Xiao Long Bao, Nan Xiang Xiao Long Bao, Ma, Nan, bartenders, Coco, Xibei Yang Organizations: Service, Park, Dragon, Prospect, lollipop, Michelin, Chi Forest, Haidilao, BI Locations: New York, SoHo, Chinatown, Flushing, York City, Koreatown, Union, Chelsea, Washington, Kwa, Henan, Queens, Prospect Park , Brooklyn, Beijing, Fujian, China, Shanghai, York, Nanxiang, New York City, Jiangsu, Zhejiang, Chi, Thai, Bangkok, Sichuan, Manhattan
Better known to the rest of the world as mango sticky rice, it’s a deceptively simple dish. And few have perfected that balance as well as 63-year-old Varee Jeensuwan, the undeniable queen of mango sticky rice in Bangkok. In 2022, she performed at the Coachella music festival in California and ended her show by digging into a bowl of mango sticky rice. K Panich has been dishing out mango sticky rice since 1932. According to R-Haan co-owner/chef Chumpol Jangprai, there’s evidence suggesting mango sticky rice has been around since Thailand’s late Ayutthaya period (1351-1767), with references to the dish found in the centuries to follow.
Persons: Mae Varee, , Bangkok's Mae Varee, Lauren DeCicca, Rong, , Nam Dok Mai, Chiang Rai, Milli, Panich, Pongpat, – it’s, Bib, Khun Nan, Mai, it’s, It’s, Haan, Chumpol Jangprai, Rama V’s Organizations: CNN, Bangkok CNN, Coachella, Haan Locations: Bangkok, Thailand, Bangkok’s, Thonglor, Mae, Bangkok's, province’s Bangkhla, Damnoen Saduak, Ratchaburi province, , nieow, Thailand’s, Suratthani, China , Hong Kong, Singapore, Thai, California
By the time I was 26, in 2020, I still hadn't outgrown the drinking phase I had started when I turned 18. After a particularly heavy night, I was rushed to the emergency room and spent the night in the hospital due to a drug overdose. He joked sometimes that when he saw my name flash up on his screen, it would give him a mild panic attack. He was always a firm but fair man, so I listened intently when he phoned me months later with a proposition. I updated my dad after every new bit of spending, proud that I hadn't sniffed it away.
Persons: I'd, It's
Now, some of China’s most zealous online nationalists have a new target in their crosshairs: the country’s first officially recognized Nobel laureate. Mo Yan receives the 2012 Nobel Literature Prize from King Carl Gustaf of Sweden during an award ceremony on December 10, 2012 in Stockholm. He accused Wu of creating a publicity stunt by “maliciously framing” the Nobel laureate and taking his words out of context. In 2011, he was named the vice chairman of the state-run Chinese Writers Association – an appointment that could not have been made without the blessing of the party. In 2022, Sima Nan, a nationalist pundit known for his inflammatory criticism of the United States, famously accused Mo’s Nobel win of being a Western effort to smear China.
Persons: Hong Kong CNN — They’ve, Mo Yan, Xi Jinping, Xi, Wu Wanzheng, Mao Xinghuo, Wu, Guan Moye, , Mo, King Carl Gustaf of Sweden, Jonathan Nackstrand, ” Zhang Yongsheng, Hu Xijin, Hu, , Murong Xuecun, “ Xi, Mao, Writers Association –, Liu Xiaobo, Liu, caricaturize, , doesn’t, Sima Nan, Mo’s Nobel, ” Murong Organizations: Hong Kong CNN, Communist Party, Communist, Getty, Red Guards, Tongji University, Global Times, Writers Association, Chinese Writers Association Locations: China, Hong Kong, Mo, Weibo, Stockholm, AFP, Shanghai, Beijing, Shandong, United States
In my late 20s, when her health started to decline, I helped take care of her. Our relationship meant everything to me, and has made me a better parent to my son. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI started helping care for her in my late 20sDespite her fighting spirit, she started to decline when I was in my late 20s.
Persons: , she's Organizations: Service Locations: Derbyshire
If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. To create a more diverse class, colleges could … But admissions preferences based on race are no longer legal. We Tried to Create a Diverse College Class Without Affirmative Action Now you can try it, too. In our affirmative action model, just 6 percent of admitted students come from the bottom quartile of the income distribution.
Persons: , Sean Reardon, Demetra, NaN %, NaN, It’s, , , Richard Kahlenberg, we’re, didn’t, “ We’re, Zack Mabel, we’ve, , it’s, Richard Sander, Jill Orcutt, Johns Hopkins, they’ll Organizations: Stanford, Penn, Here’s, Colleges, Progressive Policy Institute, White Asian, American Association of Collegiate, University of California Locations: America, Here’s, Alaska, Georgetown, U.C . Merced
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email35 states require personal finance course to graduate high school, survey findsNan Morrison, Council for Economic Education president and CEO, joins 'Squawk Box' to discuss results from its latest 'Survey of the States', which examines financial education and literacy across the country.
Persons: Nan Morrison Organizations: Economic Education, Survey
China's Bytedance says Zhang Nan resigns as Douyin Group's CEO
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: +1 min
On Wednesday, Bytedance, the owner of TikTok, announced the resignation of Zhang Nan from the position of CEO of Douyin Group, the sister app of the popular short video platform in China. TikTok owner Bytedance said on Wednesday that Zhang Nan has resigned as the CEO of Douyin Group, the popular short video platform's sister app in China. Zhang posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance. Zhang, who has worked at ByteDance for 10 years, has been a core leader for the company and helped grow Douyin into the leading short video platform and one of biggest apps in China. She reported to ByteDance's CEO Liang Rubo in her position as head of Douyin Group.
Persons: Zhang Nan, Bytedance, Zhang, ByteDance, Liang Rubo Organizations: Douyin Group, ByteDance Locations: Bytedance, China, ByteDance
The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved. Now, however, analysts say economic factors — weaker demand in countries such as China and Germany, ample oil and gas supply — are superseding concerns about violence in the Middle East. Al Drago/Bloomberg/Getty ImagesGlobal oil demand growth is expected to almost halve this year, the International Energy Agency said in a report Thursday. At the same time, global oil supply is forecast to hit an all-time high, driven by record output from countries including the United States and Canada, the IEA said. Nan said relatively modest demand was also helping to prevent spikes in gas prices.
Persons: Brent, , Homayoun, “ It’s, , Hope, Al Drago, That’s, Falakshahi, Xi Nan, Kpler, Wood Mackenzie, Nan Organizations: London CNN, Hamas, West Texas Intermediate, AAA, CNN, National Bureau of Statistics, Bloomberg, Getty, International Energy Agency, Organization of, Petroleum, Rystad Energy, Gas Infrastructure, LNG “ Locations: Red, Iran, Pakistan, Gaza, Ukraine, China, Germany, South Africa, Washington , DC, United States, Canada, Russia, OPEC, Europe, wean, Gas Infrastructure Europe, Africa, Qatar, United Kingdom
Dumpling Daughter CEO Nadia Liu Spellman didn't grow up in your average family-owned restaurant. That upbringing taught Liu Spellman the value of sharing authentic Chinese cuisine and inspired her to open her first Dumpling Daughter storefront in 2014. Liu Spellman married her childhood sweetheart, Kyle Spellman, and moved back to Boston at the end of 2010, the year after her father died. Three months after opening, Dumpling Daughter had lines "out the door and around the building" and frequently sold out, Liu Spellman says. Liu Spellman filed a federal lawsuit, and the competitors quickly asked to settle.
Persons: Dumpling, Nadia Liu Spellman didn't, Sally Ling's, Julia Child, Liu Spellman, Liu Spellman's, didn't, Edward Nan Liuand, Sally Ling, Nadia Liu Spellman, Sally, Kyle Spellman, , Organizations: Amazon, CNBC, Weston , Massachusetts . Press Locations: Boston, New York City, Fort Lee , New Jersey, Weston , Massachusetts
STOCKHOLM (AP) — Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labor shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine. “Many arms companies faced obstacles in adjusting to production for high-intensity warfare,” said Lucie Béraud-Sudreau, director of the independent institute's Military Expenditure and Arms Production Program. SIPRI said the revenues of the 42 U.S. companies on the list — accounting for 51% of total arms sales — fell by 7.9% to $302 billion in 2022. Of those, 32 recorded a fall in year-on-year arms revenue, most of them citing ongoing supply chain issues and labor shortages stemming from the COVID-19 pandemic. ”However, despite the year-on-year drop, the total Top 100 arms revenue was still 14% higher in 2022 than in 2015 — the first year for which SIPRI included Chinese companies in its ranking.
Persons: , Lucie Béraud, SIPRI, Nan Tian, Lockheed Martin, ” SIPRI, Sudreau Organizations: STOCKHOLM, Stockholm International Peace Research Institute, Lockheed, Raytheon Technologies, ” Companies Locations: Ukraine, Stockholm, U.S, Asia, Israel, South Korea
If you’re remotely fashion-minded, now’s the time to swaddle yourself dramatically in oversize shawls and wraps. Consider the vast swaths of wool that draped models’ entire upper bodies at Saint Laurent’s fall show. For Melanie Masarin, 32, the Los Angeles founder of nonalcoholic aperitif brand Ghia, they evoke memories of her childhood in France. My mother and grandmother have always worn wraps like this,” she said. “I’m craving fuzzy, cozy, wraparound knits to shield me from the news these days.”
Persons: Stow, Michael Kors’s, Saint Laurent’s, Melanie Masarin, nonalcoholic, , , Masarin Organizations: Los Locations: Saint, Los Angeles, France
CNN —Almost three years on from its bloody coup, Myanmar’s military junta is facing the biggest threat to its hold on power as it fights wars on multiple fronts across the Southeast Asian nation. Junta airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have killed thousands of civilians to date, including children, and displaced about 2 million people. Stringer/AFP/Getty ImagesCNN has reached out to Myanmar’s military spokesperson for comment on the recent fighting but has not received a response. Stringer/AFP/Getty ImgesIn the jungles of southeast Kayah state, fighting has raged near the state capital Loikaw. Video filmed and published by the Karenni Nationalities Defense Force appears to show Myanmar army soldiers surrendering to rebels at Loikaw University who are filmed treating their injuries.
Persons: , Matthew Arnold, ” Arnold, Min Aung, Aung, Suu Kyi, , Bo Nagar, Stringer, Myint Swe, Chin Shwe Haw, Nan Diya, Lalmalsawma Hnamte, Lin Lin, Ye Myo Hein, May, – “, Karen, Chin state’s Matupi, Tian Junli, Arnold, Myanmar’s, it’s, Suu Organizations: CNN, United Nations, National Unity Government, Junta, Myanmar, UN, Administration Council, Burma National Revolutionary Army, National Liberation Army, Alliance, Myanmar National Democratic Alliance Army, Arakan Army, , Getty, Reuters, Loikaw, Karenni Nationalities Defense Force, Loikaw University, Resistance, Burma People’s Liberation Army, Brotherhood Alliance, United States Institute of Peace, Wilson Center, Border Guard Forces, China, Global Times, PLA Southern Theater Command Locations: Myanmar, Myanmar’s, Suu, Yangon, Mandalay, Burma, Namhsan Township, Shan State, AFP, Arakan, China, , Shan, Chin, Muse, Rakhine, Pauktaw, Lashio, Kayah, Mizoram, , Sagaing region, Asia, Kawkareik, Karenni, Sagaing, India, Thailand, Bangladesh
CNN —Renewed hostilities between the Myanmar military and ethnic minority armed group the Arakan Army (AA) have spread to various townships in western Myanmar, including Pauktaw, where civilians have been caught in the crossfire as fighting escalates. The renewed fighting has displaced more than 26,000 people in the country’s western Rakhine state since Monday, according to UNOCHA. Myanmar military spokesperson Zaw Min Tun said during a briefing Friday that the Myanmar army and police force had retaken the Pauktaw police station and that the town “was already under control” of the military. Airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have been occurred regularly since 2021 and have killed thousands of civilians to date, including children, according to monitoring groups. “The sick man can’t die peacefully.”
Persons: , , UNOCHA, Zaw Min Tun, Min Aung Hlaing, Nan Diya, Suak, can’t Organizations: CNN, Myanmar, Arakan Army, AA, United Nations Office, Humanitarian Affairs, UN, Army, Myanmar’s, Administration Council, SAC Locations: Myanmar, Pauktaw, Rathedaung, Maungdaw, Rakhine, Arakan
Although “The Buccaneers” comes with the literary pedigree of being based on Edith Wharton’s last, unfinished novel, the series so desperately wants to emulate “Bridgerton” that it almost makes your teeth ache, down to the mix of corsets and contemporary music. The result is a mildly watchable Apple TV+ series that proves, to quote Fred Allen, imitation is the sincerest form of streaming, too. Even so, everything feels a little too familiar, including the series’ hissable villain, hidden beneath a polished and presentable veneer. Consumed entirely on its terms, “The Buccaneers” works reasonably well as a soapy distraction for those willing to check their brains at the ballroom door. “The Buccaneers” premieres November 8 on Apple TV+.
Persons: Edith Wharton’s, Fred Allen, Conchita, Alisha Boe, ’ brashness, Nan St, George, Kristine Frøseth, Jinny, Imogen Waterhouse, Nan, Guy Remmers, Matthew Broome, Men’s ” Christina Hendricks, Christina Hendricks, Angus Pigott “ Organizations: Buccaneers, Apple Locations: Europe, New York
Democrats are finding ways to advance their candidates and causes in traditionally red states. Tuesday's elections show that while the party may never reach its former heights in increasing red states, it can still notch victories that continue to claw back power. Some states have long elected Democrats at the local level while rejecting Republicans at the national level and vice-versa. AdvertisementAdvertisementHere are some of the ways Democrats are still winning:Keep it local. Issue 1's proponents, like other previous red state movements, couched some of their appeals in broader language that would welcome Republicans.
Persons: Roe, Wade, , Andy Beshear, Laura Kelly, Raphael Warnock, Tip, Daniel Cameron, Katie Hobbs, Donald Trump's, Hobbs, Sen, Mark Kelly, John Bel Edwards, Kelly, Gabby Giffords, Gretchen Whitmer's, Beshear, it's, Steve Beshear, juiced, Nan Whaley, Sabato Crystal Ball, Perry Bacon Jr, Cameron, Reagan, Glenn Youngkin, Floridians Organizations: Service, GOP, Trump, Democratic Gov, Democratic, Gov, Democrats, Republicans, Louisiana Democrats, Michigan Gov, Ohio, Force, Midwesterners Locations: Ohio , Kentucky, Kansas, New York, Kentucky, In Kansas, Arizona, Louisiana, In Arizona, America, Ohio, Cleveland, Virginia
Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.
Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung
Stanley Zhong isn't your typical 18-year-old. In stepped Google, which offered Zhong a job as an L4 software engineer, one rung above entry level. And while the offer may have been surprising, especially considering the job title, one person says he wasn't shocked: Stanley's father, Nan Zhong. "And along the way, he gave me enough shocks that I was no longer shocked [when he got the Google job]. And that led to his Google job," Nan says.
Persons: Stanley Zhong, Zhong, wasn't, Nan Zhong, I've, Nan, He's, , Stanley, that's, Henry M, Nan Zhong Nan, Nan didn't, Richard Wiseman Organizations: Gunn High School, MIT, Stanford, Google, University of Texas, CNBC, Washington State Championship, Amazon Web Services, Amazon AWS, University of Hertfordshire Locations: Palo Alto , California
U.S. Rep. Jamaal Bowman (D-NY) speaks at the National Action Network’s (NAN) three-day annual national convention on April 07, 2022 in New York City. Rep. Jamaal Bowman, D-N.Y., indicated Wednesday that he will plead guilty to a misdemeanor charge for pulling a fire alarm in a congressional building on Capitol Hill last month. Bowman has agreed to pay the maximum fine of $1,000 for one misdemeanor count of falsely pulling a fire alarm — a charge that carries a maximum penalty of six months in jail. After the vote, Bowman said, he also met with the sergeant at arms and Capitol Police at their request and explained what happened. "I want to be very clear, this was not me, in any way, trying to delay any vote," Bowman said.
Persons: Jamaal Bowman, NAN, Bowman, Bryan Steil, Lisa McClain, — Kyle Stewart Organizations: Rep, Sheraton, midtown Manhattan ., Capitol, Capitol Police, Washington, D.C, Cannon, House Republican Conference Locations: New York City, midtown Manhattan, Washington
An orca species that hunted alongside humans for thousands of years is likely locally extinct. Orcas swam alongside Thaua hunters and led them to whales for thousands of years. Thaua hunters learned that they could work together with orcas in Australia's Twofold Bay, helping lead them straight to their prey. Some Thaua hunters even sang to the orcas to encourage them to herd whales inland. AdvertisementAdvertisement"My people had a long-lasting friendship with the beowa in Eden, especially Old Tom," Holmes wrote.
Persons: Orcas, , Australia —, orcas, Steven Holmes, Holmes, Isabella Reeves, Reeves, Tom, Nan, Catherine Holmes nee Brierly, Budginbro Organizations: Service Locations: Australia, Eden
Read Your Way Through Seoul
  + stars: | 2023-09-06 | by ( Han Kang | ) www.nytimes.com   time to read: +3 min
It consists of bizarre, supernatural tales — kings born from eggs, a magic flute that hushes the storms to sleep. “The Story of Hong Gildong,” also from the Joseon dynasty, was recently translated into English by Minsoo Kang. After starting with sparkling childhood memories in Kaesong — now in North Korea — the narrative shifts to Seoul in the midst of the Korean War. What should I read before I go to Seoul? And novels such as “Concerning My Daughter,” by Kim Hye-jin, translated by Jamie Chang; “My Brilliant Life,” by Ae-ran Kim, translated by Chi-Young Kim; and “Your Republic Is Calling You,” by Kim Young-ha, also translated by Chi-Young Kim, reflect the ambience of Seoul.
Persons: Samguk, Ilyon, Kumo, Kim Sisup, Hong Gildong, , Minsoo Kang, Gildong, Heo Gyun, Yu Young, Stephen J, Epstein, Kim Hyesoon, Don Mee Choi, Lee Jangwook, Sun Kim, Tsering, Shim Bo, Chung Eun, Brother Anthony of Taizé, Kim Yi, Ji Yoon Lee, Johannes Göransson, Kim Min Jeong, Soeun Seo, Jake Levine, , Ha Seong, Janet Hong, Bora Chung, Anton Hur, Sang, Hur, Choi Eunyoung, Sung Ryu, Kim Hye, Jamie Chang, Kim, Young Kim, Kim Young Organizations: Chi Locations: Ancient Korea, Korean, Wan, , North Korea, Seoul, Noon, , Big City
Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Hong Kong-listed property stocks surged on Monday, leading gains on the Hang Seng Index and powering the benchmark to be the top gainer in Asia. Shares of real estate companies like Evergrande , Logan Group and Longfor Group spiked over 9% on Monday, with Country Garden Holdings leading gains at 14.61% up. The Hang Seng Mainland Property Index was up 9.09%. Country Garden is still scheduled to pay $22 million in coupon payments on two U.S. dollar bonds it missed in early August.
Persons: Nan Organizations: Metro Town, CK Asset Property Holdings Ltd, Nan Fung International Holding Ltd, MTR Corp, Index, Logan Group, Longfor, Country Garden Holdings, Mainland, Garden, Reuters, Bloomberg, Malaysian Locations: Hong Kong, China, Asia
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