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☆ China Evergrande shares set to resume trade on Tuesday
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

A crane stands at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, Sept. 26, 2021. On Thursday, trading in shares of the embattled Chinese property developer were suspended and the company later said its founder, Hui Ka Yan, was being investigated over suspected "illegal crimes". Evergrande has been working to get creditors' approval for restructuring its offshore debt. The process grew more complicated last week after Evergrande said it was unable to issue new debt due to an investigation into its main China unit. The offshore debt restructuring plan now looks set to falter and the risks of the company being liquidated are rising, some analysts said.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Himanshi, Anne Marie Roantree, Arun Koyyur, Sharon Singleton Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong Kong Stock Exchange, Wall Street, Reuters, Thomson Locations: China, Shenzhen, Guangdong province, China's, Bengaluru

☆ Evergrande chairman investigated over offshore asset transfers - WSJ
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, the country's second-largest property developer by sales, attends a news conference on annual results in Hong Kong, China March 29, 2016. REUTERS/Bobby Yip/File photo Acquire Licensing RightsOct 2 (Reuters) - China Evergrande Group (3333.HK) Chairman Hui Ka Yan is being investigated on suspicion of transferring assets offshore while the indebted property developer struggles to complete unfinished projects, the Wall Street Journal reported on Monday. Evergrande has been working to get creditors' approval to restructure its offshore debt but the process grew more complicated last week when the company said it could not issue new debt due to an investigation into its main China unit. Adding to the embattled developer's woes, it said on Friday that its chairman was under police watch and was suspected of committing unspecified crimes. Evergrande did not immediately respond to a Reuters request for comment during week-long National Day holidays.

Persons: Hui Ka Yan, Bobby Yip, Evergrande, Hui, Urvi, Stephen Coates Organizations: Real Estate Group, REUTERS, China Evergrande, HK, Wall Street, Reuters, Thomson Locations: Hong Kong, China, China's, Evergrande, Bengaluru

☆ MLB roundup: Astros, D-backs punch tickets to postseason
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +10 min

Verlander (13-8) allowed two hits in five scoreless innings, while Kelly (12-8) went seven innings and allowed five hits and one run. Marlins 7, Pirates 3Jazz Chisholm Jr. homered and added an RBI single for visiting Miami, which beat Pittsburgh to clinch an NL wild-card spot. Josh Bell added a two-run double and sacrifice fly, and Bryan De La Cruz an RBI single for the Marlins. Endy Rodriguez and Bryan Reynolds each hit an RBI single for the Pirates. Joey Meneses followed with an RBI single and scored on Luis Garcia's double.

Persons: Miami Marlins Luis Arraez, Xavier Edwards, Jazz Chisholm, Charles, Saturday's, Houston's Justin Verlander, Arizona's Merrill Kelly, Verlander, Phil Maton, Kelly, Jose Abreu, Chisholm, Josh Bell, Bryan De La Cruz, Endy Rodriguez, Bryan Reynolds, Andrew Heaney, Jonah Heim, Eugenio Suarez, Spencer Strider, Marcell Ozuna, John Smoltz, Strider, CJ Abrams, Joey Meneses, Luis Garcia's, Andy Ibanez, Akil Baddoo, Carson Kelly, Miguel Cabrera's, Cabrera, Beau Brieske, Triston McKenzie, Taylor, Megill, Edmundo Sosa, Brandon Marsh, Weston Wilson, Brooks Raley, Adam Ottavino, Frankie Montas, Estevan Florial, Gleyber Torres, Yan Gomes, Gomes, Willy Adames, William Contreras, Blake Perkins, Carlos Santana, Michael Wacha, Profar, Ji Man Choi, Juan Soto, Lenyn Sosa, Anthony Santander's, Kyle Gibson, Bruce Zimmermann, Adam Duvall, Kutter Crawford, Lars Nootbaar, Jose Fermin, Louis, Jordan Walker, Ivan Herrera, Luken Baker, Masyn Winn, Noelvi Marte, Connor Phillips, Francisco Alvarez, Kyle Schwarber, Johan Rojas, Trevor Larnach, Edouard Julien, Matt Wallner, Max Kepler, Christian Vazquez, Chris Paddack, Brenton Doyle, Sean Bouchard, Elehuris Montero, Nolan Jones, Alan Trejo, Karl Kauffmann, Tristan Beck, Clayton Kershaw, Tyler Fitzgerald, Kai Correa, Max Muncy, Kershaw, Shea Langeliers, Joe Boyle, Zack Gelof, Boyle, Brandon Drury, Mike Moustakas Organizations: Miami Marlins, Pittsburgh Pirates, PNC Park, Miami, Astros, Diamondbacks, American League, Arizona, National League, Cincinnati Reds, St, Louis Cardinals, Marlins, Pirates, Pittsburgh, Rangers, Mariners, Texas, Seattle, Houston, Braves, Washington, Keibert, Tigers, Detroit, Guardians, AL, Blue Jays, Tampa Bay, Toronto, Rays, Mets, Phillies, NL, Yankees, Royals, New York, Kansas City, Cubs, Brewers, Chicago, Milwaukee, NL Central, Padres, White Sox, San, Orioles, Red Sox, Baltimore, Boston, Cardinals, Reds, Cincinnati, New, Philadelphia, Twins, Rockies, Minnesota clobbered, Minnesota, Colorado, Giants, Dodgers, San Francisco, Los, Athletics, Oakland, Los Angeles, Detroit Tigers, Thomson Locations: Pittsburgh , Pennsylvania, USA, Arizona, Houston, Phoenix . Houston, Texas, Cleveland, New York, Philadelphia, San Diego, Chicago, Cincinnati, Minnesota clobbered Colorado, Denver, Los Angeles, Los, Anaheim , Calif

BEIJING (AP) — China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving following its post-pandemic malaise. The composite index rose to 52 from 51.3. Zhao said the improvement indicated by the latest indexes suggest the level of economic activity is rebounding. However, China's economic rebound remained uneven. China's economy grew at a 6.3% annual pace in the second quarter of this year, much slower than the 7%-plus growth that analysts had forecast based on the anemic pace of activity the year before.

Persons: —, Zhao Qinghe, Zhao, Hui Ka Yan Organizations: BEIJING, National Bureau of Statistics, China Federation of Logistics, Purchasing, China Evergrande, Investment Locations: China, Hong Kong

☆ Pope Francis cements legacy, stamps Church future with new cardinals
▼ + stars: | 2023-09-30 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/5] Pope Francis attends the consistory ceremony to elevate Roman Catholic prelates to the rank of cardinal, in Saint Peter's Square at the Vatican, September 30, 2023. There are now 137 cardinal electors, about 73 percent of them chosen by Francis. This increases - but does not guarantee - the possibility that the next pope will share his vision of a more progressive, inclusive Church. They are known as cardinal electors. On October 4, he will open a month-long major meeting in the Vatican, known as a synod, that could chart the Church's future.

Persons: Pope Francis, Remo Casilli, Peter's, Francis, Bishop Stephen Chow Sau, Chow, Italian Bishop Pierbattista Pizzaballa, convokes, Philip Pullella, William Maclean 私たち Organizations: Vatican, REUTERS, CITY, Church, Catholic Church, Malaysian Locations: Saint Peter's, St, U.S, France, Italy, Argentina, Switzerland, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Venezuela, Portugal, China, Beijing, Italian, Europe

HONG KONG/BEIJING, Sept 28 (Reuters) - China Evergrande Group's (3333.HK) founder is being investigated over suspected "illegal crimes", the embattled developer said on Thursday, as creditors become increasingly concerned about the group's prospects amid an uncertain debt revamp plan and liquidation risk. Evergrande has been working to get creditors' approval for restructuring its offshore debt. The offshore debt restructuring plan now looks set to falter and the risks of the company being liquidated are rising, some analysts said. An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. "We believe that Evergrande's debt turmoil has had a great turmoil and negative impact on the global economy, and the things behind it are not simple."

Persons: Hui Ka Yan, Evergrande, Hui, Gary Ng, Ng, Florence Lo, They've, Christopher Beddor, Yan Yuejin, Saxo, Redmond Wong, Upasana Singh, Donny Kwok, Scott Murdoch, Ziyi Tang, Anne Marie Roantree, Sumeet Chatterjee, Kim Coghill, Shri Navaratnam, Lincoln, Miral Fahmy, Susan Fenton Organizations: HK, Trading, Asia Pacific, Reuters, REUTERS, Evergrande, China Research, Development Institution, Buyers, China Market, Thomson Locations: HONG KONG, BEIJING, China, Asia, Beijing, Evergrande, Shanghai, Bengaluru, Hong Kong, Sydney

☆ Evergrande’s chairman has been detained. The company will struggle to survive
▼ + stars: | 2023-09-29 | by ( Laura He | ) edition.cnn.com time to read: +7 min

But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary. Previously China’s second biggest real estate company, Evergrande’s default in 2021 ignited a crisis in the property sector that continues to weigh on the wider economy. It said it needed to reassess the terms of the restructuring plan, in part because sales had been weaker than expected. “The debt restructuring can’t really happen if Evergrade can’t issue new debt or equity, and it doesn’t seem like it can,” Magnus said. As for Magnus, he believes Evergrande’s time as an independent company is over.

Persons: Evergrande, Xu Jiayin, Hui Ka Yan, ”, George Magnus, Bobby Yip, ” Magnus, “, Tyran Kam, Fitch, Kam, Yicai, What’s, Magnus, “ They’ll Organizations: Hong Kong CNN, Sunday, Oxford University’s China, SOAS University of London, Shenzhen government’s, CNN, Fitch Locations: China, Hong Kong, Beijing, Shenzhen, United States

☆ Evergrande founder joins list of Chinese tycoons investigated, arrested
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +4 min

Following is a list of some other high-profile Chinese executives who have been investigated or arrested under Xi's leadership. BAO FAN, FOUNDER OF CHINA RENAISSANCEThe founder of China Renaissance Holdings (1911.HK) was detained in February and the investment bank said in August he was co-operating with authorities as investigations continued. Wu was arrested in June 2017 amid Beijing’s campaign to curtail big-spending conglomerates as it cracked down on financial risk. YE JIANMING, FOUNDER OF CEFC CHINA ENERGYIn 2017, Ye's CEFC agreed to buy a nearly $9.1 billion stake in Russian oil major Rosneft. A year later, he was investigated for suspected economic crimes and disappeared from public view in March 2018.

Persons: Hui Ka Yan, Xi Jinping, ZHAO WEIGUO, Tsinghua Unigroup, Zhao, Bao, Morgan Stanley, Didi, XIAO JIANHUA, Xiao, CHEN FENG, TAN XIANGDONG, GROUP, Tan, WU XIAOHUI, Wu, JIANMING, Ye's CEFC, magazine's, Kane Wu, Selena Li, Anne Marie Roantree, Miyoung Kim, Lincoln Organizations: HK, Evergrande, TSINGHUA UNIGROUP, Tsinghua University, Tsinghua, OF CHINA, China Renaissance Holdings, Credit Suisse Group, OF, China's Communist Party elite, Reuters, HNA, Hainan Airlines, Deutsche Bank, Hilton Worldwide, Prosecutors, Thomson Locations: China, Chinese, Guangdong, Shanghai, Hong Kong, Hainan, CHINA

☆ Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
▼ + stars: | 2023-09-29 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

The yacht "Event", which is believed to be owned by China Evergrande, is docked in Hong Kong, China October 11, 2021. Evergrande's offshore bondholders are expected to sharpen their focus on offshore assets as the developer's debt restructuring plan flounders with the founder now being investigated over suspected "illegal crimes". Compared to its $31.7 billion in total offshore liabilities, Evergrande has far fewer assets outside China. Of the remaining offshore assets of the company and its founder, creditors would need to establish whether they have already been used as collateral to raise funds. Foreign bondholders' "ability to get to these (offshore) assets is a function of the legal claim - has he (Chairman Hui) pledged it?"

Persons: China Evergrande, Tyrone Siu, Evergrande, Hui Ka Yan, Hui, Scott Murdoch, Julie Zhu, Marc Jones, Sumeet Chatterjee Organizations: REUTERS, Rights, China Evergrande, HK, Reuters, Boeing, Gulfstream, Wall Street Journal, Thomson Locations: China, Hong Kong, Sydney, London, Lincoln

☆ China Evergrande's troubles mount as chairman is suspected of 'illegal crimes'
▼ + stars: | 2023-09-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. A day after China Evergrande's shares were suspended in Hong Kong, the beleaguered Chinese property firm revealed that its director and executive chairman is under scrutiny over suspected crimes. Hui Ka Yan "has been subject to mandatory measures in accordance with the law due to suspicion of illegal crimes," Evergrande said in a statement to the Hong Kong Stock Exchange late Thursday. This follows a Bloomberg report on Wednesday that said Hui had been "placed under police control." Bloomberg said that Hui was taken away by Chinese police earlier this month and is being monitored at a designated location, citing people familiar with the matter.

Persons: China Evergrande's, Hui Ka Yan, Evergrande, Hui Organizations: Hong Kong Stock Exchange, Bloomberg Locations: China, Hong Kong

☆ China Evergrande Says Chairman Hui Ka Yan Is Suspected of Crimes
▼ + stars: | 2023-09-28 | by ( Cao Li | Rebecca Feng | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Exclusive: China's Nio explores investment, tech alliances with Mercedes - sources
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt

☆ Ronald Acuna Jr. steals No. 70 as Braves steal win over Cubs
▼ + stars: | 2023-09-28 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/56] Sep 27, 2023; Cumberland, Georgia, USA; Atlanta Braves starting pitcher Darius Vines (64) pitches against the Chicago Cubs during the first inning at Truist Park. Mandatory Credit: Dale Zanine-USA TODAY Sports Acquire Licensing RightsSeptember 28 - Ronald Acuna Jr. made more history on Wednesday and helped the Atlanta Braves secure home-field advantage throughout the National League playoffs. With one out in the bottom of the 10th inning, Acuna singled home the tying run, stole second and scored on Ozzie Albies' single to give the Atlanta Braves a 6-5 win over the visiting Chicago Cubs. Acuna became the first player in major league history to have 70 stolen bases and 40 home runs in the same season. The Braves scored a run in the first when Albies hit his 33rd homer.

Persons: Darius Vines, Dale Zanine, Ronald Acuna Jr, Acuna, Ozzie Albies, Jesse Chavez, Daniel Palencia, Ian Happ, Yan Gomes, Marcell Ozuna, Mark Leiter, Chicago's Jameson Taillon, Albies, Cody Bellinger, Brian Snitker, Mike Tauchman, Happ, Austin Riley, Matt Olson's, Nico Hoerner Organizations: Atlanta Braves, Chicago Cubs, National League, Braves, Cubs, Arizona, NL, Diamondbacks, Chicago White Sox, Atlanta, Chicago, Thomson Locations: Cumberland , Georgia, USA, Truist

☆ Trading in China Evergrande shares suspended again just a month after they returned from a 17-month hiatus
▼ + stars: | 2023-09-28 | by ( Zen Soo | Associated Press | ) www.businessinsider.com time to read: +3 min

Trading in property developer China Evergrande Group shares was suspended in Hong Kong on Thursday. China Evergrande shares had resumed trading on August 28 after a 17-month hiatus. AdvertisementAdvertisementTrading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange. Trading in two other units, China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, was also halted Thursday. Earlier in September, police in Shenzhen, a southern Chinese city, said they had detained some staff at China Evergrande Group's wealth management unit.

Persons: China Evergrande, Hui Ka Yan, —, Evergrande Organizations: China Evergrande Group, China, Bloomberg, Service, China Evergrande, Hong, Bloomberg News, Energy Vehicle Group, Evergrande Property, Communist Party Locations: Hong Kong, China, Shenzhen, Beijing, New York, U.S

☆ Evergrande shares halted as concerns mount about developer's prospect
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. Evergrande has been working to get creditors' approval for restructuring its offshore debt. The offshore debt restructuring plan now looks set to falter and the risks of the company being liquidated are rising, some analysts said. The company shares ended down 19% on Wednesday in the Hong Kong market, taking their losses to 81% since the resumption of trading in late August after a 17-month suspension. The recent regulatory easing may stabilize the housing market in the world's second-largest economy to some extent, Saxo Greater China Market Strategist Redmond Wong wrote in a research note.

Persons: Florence Lo, Hui Ka Yan, Hui, Evergrande, Gary Ng, Ng, Redmond Wong, Donny Kwok, Scott Murdoch, Ziyi Tang, Anne Marie Roantree, Sumeet Chatterjee, Kim Coghill, Shri Navaratnam Organizations: REUTERS, China Evergrande, HK, Bloomberg, Reuters, Asia Pacific, China Market, Thomson Locations: Beijing, China, HONG KONG, China's, Evergrande, Asia, Hong Kong, Saxo, Sydney, Lincoln

☆ China Evergrande's Chairman Hui is under police surveillance - Bloomberg News
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Hui Ka Yan, the chairman of China Evergrande Group (3333.HK), has been placed under police surveillance, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Hui was taken away by police earlier this month and is being monitored at a designated location, the report added, citing sources. It was not clear why Hui was placed under residential surveillance, Bloomberg News said, adding the move was a type of police action that falls short of formal detention or arrest and does not mean Hui will be charged with a crime. Reuters could not immediately verify the Bloomberg report. Earlier this month, police in southern China had detained some staff at Evergrande wealth management unit, suggesting a new investigation that could add to the property giant's woes.

Persons: Hui Ka Yan, Hui, Evergrande, Urvi, Kim Coghill, Jacqueline Wong 私 Organizations: China Evergrande, HK, Bloomberg, Bloomberg News Locations: China, China's, Bengaluru

TOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. That pushed the Fed last week to say it will likely cut interest rates by less next year than earlier expected. Besides high interest rates, a long list of other worries is also tugging at Wall Street. On Wall Street, the vast majority of stocks fell Tuesday under such pressures, including 90% of those within the S&P 500. Big Tech stocks tend to be among the hardest hit by high rates, and they were the heaviest weights on the index.

Persons: shrugging, Hui Ka Yan, Australia's, ” Stephen Innes, Brent Organizations: TOKYO, Tokyo's Nikkei, Hang Seng, Bloomberg, Garden Holdings, Dow Jones, Nasdaq, Federal Reserve, Treasury, Fed, U.S, Management, Big Tech, Apple, Microsoft, Federal Trade Commission Locations: Asia, Hong Kong, Shanghai, China, Seoul, Maryland, Carolinas

☆ Pressure piles on China Evergrande with report chairman under police surveillance
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, the country's second-largest property developer by sales, attends a news conference on annual results in Hong Kong, China March 29, 2016. REUTERS/Bobby Yip/File photo Acquire Licensing RightsHONG KONG, Sept 27 (Reuters) - The chairman of China Evergrande Group (3333.HK) has been placed under police surveillance, Bloomberg News reported on Wednesday, ratcheting up pressure on the embattled developer whose outlook has already darkened significantly this week. Citing people with knowledge of the matter, the report said Hui Ka Yan was taken away by police earlier this month and is being monitored at a designated location. Evergrande did not immediately respond to a Reuters request for comment. Markets are also focused on another major Chinese developer, Country Garden (2007.HK), which is facing a new bond coupon repayment deadline on Wednesday.

Persons: Hui Ka Yan, Bobby Yip, Hui, Evergrande, Hengda, Scott Murdoch, Xie Yu, Muralikumar Anantharaman, Neil Fullick Organizations: Real Estate Group, REUTERS, China Evergrande, HK, Bloomberg, Bloomberg News, Reuters, Evergrande, Thomson Locations: Hong Kong, China, HONG KONG, China's, Sydney

☆ Braves escape six-run hole, stun Cubs 7-6
▼ + stars: | 2023-09-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/52] Sep 26, 2023; Atlanta, Georgia, USA; Chicago Cubs shortstop Dansby Swanson (7) is honored before a game against the Atlanta Braves at Truist Park. The Braves, who trailed 6-0 entering the bottom of the sixth, rallied for the two decisive unearned runs against ex-Brave Drew Smyly (11-10). Chicago upped the lead to 6-0 thanks to Cody Bellinger's run-scoring single in the fourth and an RBI single by Ian Happ in the sixth. It was the club's 300th home run, making the Braves only the third team to reach that milestone. Later in the frame, Olson added a run-scoring single, his major-league-best 134th RBI, and Marcell Ozuna followed with a run-scoring double off the left field wall.

Persons: Dansby Swanson, Brett Davis, Seiya Suzuki, Sean Murphy, Suzuki, Matt Olson, Drew Smyly, Brad Hand, Raisel Iglesias, Chicago's Justin Steele, Atlanta's Bryce Elder, Yan Gomes, Miles Mastrobuoni, Ronald Acuna Jr, Cody Bellinger's, Ian Happ, Kevin Pillar, Olson, Marcell Ozuna, Acuna Organizations: Chicago Cubs, Atlanta Braves, USA, Braves, Cubs, National League, Miami Marlins, New York Mets, Chicago, Atlanta, Minnesota Twins, Thomson Locations: Atlanta , Georgia, USA, Atlanta, Chicago

☆ Pava LaPere killing: Manhunt underway for 'extremely dangerous' convicted felon suspected of murdering the 26-year-old female tech CEO in Baltimore
▼ + stars: | 2023-09-27 | by ( Elizabeth Wolfe Jamiel Lynch Holly Yan | Elizabeth Wolfe | Jamiel Lynch | ) edition.cnn.com time to read: +4 min

CNN —Baltimore police are scrambling to find an “extremely dangerous” man suspected of murdering 26-year-old tech CEO Pava LaPere, who was found dead in an apartment building on Monday. Hours later, police were called to a downtown apartment building, where LaPere was discovered with signs of blunt-force trauma to her head, Worley said. The building where she was found had security measures that would have required someone to “allow the (suspect) in the building,” Worley said. Pava LaPere EcoMap TechIn August, the company said it had reached nearly $8 million in financing. In addition to being a driving force behind EcoMap, LaPere strove to uplift others in Baltimore, the mayor said.

Persons: Pava LaPere, Jason Dean Billingsley, Richard Worley, LaPere, Worley, ” Worley, Billingsley, Baltimore Mayor Brandon Scott, ” Billingsley, “, ” EcoMap, Sherrod Davis, Pava, “ Pava, ” Scott, EcoMap, Delali Dzirasa, CNN LaPere, ” Dzirasa Organizations: CNN, Baltimore, Baltimore Police, Technologies, Forbes, Baltimore Mayor, Maryland’s Department of Public Safety, Correctional Services, The New York Times, Johns Hopkins University, Tech, LaPere Locations: Baltimore

☆ Tesla working on 'gigacasting' tech to mould underbody in one piece -report
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

A staff member attends to customers inside a Tesla Model Y car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. The state-owned Chinese newspaper, which based its report after a recent visit to Tesla's Shanghai factory, did not say when and where the upgrade will happen. Reuters reported this month that Tesla was closing in on an innovation that would allow it to die cast nearly all of the underbody of an electric vehicle in one piece. Tesla has pioneered the use of huge presses with 6,000 to 9,000 tons of clamping pressure to mould the front and rear structures of its Model Y in its "gigacasting" process that has slashed production costs. Reporting by Zhang Yan, Albee Zhang and Bernard Orr; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Tesla, Zhang Yan, Albee Zhang, Bernard Orr, Edwina Gibbs Organizations: Tesla, U.S, REUTERS, Rights, Shanghai Securities, Reuters, HK, Zeekr, Shanghai Securities News, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai

☆ Explainer: What's in store for China Evergrande with its chairman now under police watch?
▼ + stars: | 2023-09-27 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +5 min

Evergrande has been in the process of seeking its creditors' approval to restructure offshore debt worth $31.7 billion, which includes bonds, collateral, and repurchase obligations, amid weakening cash flows. A major group of Evergrande offshore bondholders plans to join a liquidation petition due to be heard in a Hong Kong on Oct. 30 unless Evergrande can present a new restructuring plan before then. Evergrande's supercharged growth helped it become one of China's biggest and most lucrative property developers with sales worth $110 billion in 2020. The company's entire offshore debt was deemed in default after it missed several bond payments in late 2021, and creditors have been grappling with a solution since then. Soon after that, authorities scrambled to assure markets that risks to the property sector and economy could be controlled.

Persons: Evergrande, HUI, YAN, Hui, Scott Murdoch, Sumeet Chatterjee, Muralikumar Organizations: China Evergrande, HK, Bloomberg, Evergrande, Thomson Locations: China's, Hong Kong, Evergrande, Guangzhou, China, Beijing, Sydney

☆ Newly discovered pangolin species could aid in fight against extinction
▼ + stars: | 2023-09-27 | by ( Faye Chiu | Jenna Schnuer | ) edition.cnn.com time to read: +4 min

There are eight previously known species of pangolin — four found in Asia and four in Africa. Genomics can help protect threatened speciesThe scales’ form initially suggested they belonged to one of four species of pangolin found in Asia. But DNA analysis showed that their “genomic data provide robust and compelling evidence that it is a new pangolin species distinct from those previously recognized,” Hu said. An analysis of contraband pangolin scales revealed genetic markers not seen in known species, researchers said. “We also expect to find other pangolin species,” Hu said.

Persons: CNN —, —, ”, Jing, Yan Hu, pangolin, ” Hu, Aryn Wilder, Wilder, Manis mysteria, Feng Yang One, ” Wilder, “, Hu Organizations: CNN, State Key Laboratory for Conservation, Yunnan University, San Diego Zoo Wildlife Alliance Locations: Asia, Africa, Hong Kong, Yunnan

☆ Pressure piles on Evergrande with chairman under police watch, liquidation risk
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +1 min

Shanghai's city skyline as seen from observation deck at Shanghai Tower in China. The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it also grapples with mounting prospects of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in southern Guangzhou city, was taken away by police earlier this month and is being monitored at a designated location. Evergrande, the police department in Guangdong province, whose capital is Guangzhou, and the public security ministry did not immediately respond to a Reuters request for comment. Evergrande is the world's most indebted property developer and has been at the center of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's second-largest economy.

Persons: Hui Ka Yan, Hui, Evergrande Organizations: China Evergrande, Bloomberg, Evergrande, Bloomberg News Locations: Shanghai, China, Guangzhou, Guangdong province, China's

☆ China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy
▼ + stars: | 2023-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's property crisis may take up to a decade to resolve, economist Hao Hong told CNBC. Hong's WeChat and Weibo social media accounts were suspended last year after a series of bearish posts on China's economy. "Fixing the property sector may be a multi-year or even a decade's work in front of us. The property sector, along with related industries, contributes as much as 30% to the country's GDP. Still, there may be an upside ahead for China's economy once the property market's problems are resolved, Hong told CNBC.

Persons: Hao Hong, Hong's WeChat, —, Keng, that's, Hui Ka Yan, Hong, Hao, 洪, China's, Hong's, Li Daokui, Evergrande Organizations: CNBC, Weibo, Service, Grow Investment, China, Bloomberg, Investment, CFA, Twitter, Nikkei, Bank of Communications International, People's Bank of China Locations: China, Shanghai, Weibo

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