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...Vanke still has an investment-grade rating at S&P and Fitch, the latter of which downgraded it in October, citing weak sales....
...“There are inconsistencies in the data set that was just released,” noted Louis Kuijs, head of Asia economics at S&P and a former World Bank economist in China....
...“Deposit rates cut[s] will immediately lower banks’ pressure in making some profit,” said Dan Wang, chief economist at Hang Seng Bank China....
...With just 40mn outbound trips in the first half of 2023, Chinese tourism has yet to rebound to near the level of 2019’s 155mn trips....
...Context: Renew Europe came third in the 2019 election and voted with the centre-right European People’s party (EPP) and Socialists and Democrats (S&D) to install Ursula von der Leyen as European Commission...
...The ministerial conference — or MC13 — kicked off yesterday in Abu Dhabi and is a rerun of 2022’s MC12....
...On Wednesday, Stoltenberg said he had a “good call” with the Hungarian leader, and that he “welcome[s] the clear support of the prime minister and his government for Sweden’s Nato membership”....
...The pro-independence regional government in Catalonia said it would “work to extend” F1’s presence in Catalonia beyond 2026 — and Domenicali said that moving to Madrid did not exclude staying in Barcelona...
...Like many things in 2024’s Britain, it just hasn’t seemed to work....
...Based on reporting by Roman Olearchyk, Christopher Miller, Ben Hall, Max Seddon, John Paul Rathbone, John Reed, Guy Chazan, Henry Foy, Mehul Srivastava, Polina Ivanova and Tim Judah....
US, EU and others agreed to remove condemnation of Putin’s invasion from meeting’s communiqué
...EU leaders agreed a joint position this week, which “strongly emphasise[s] Israel’s right to defend itself in line with humanitarian and international law.”...
...“We believe the risk of systemic concerns emerging in China remains low, though spread[s] will likely remain volatile until the macro volatility subsides,” Goldman Sachs analysts wrote on Saturday, adding...
Also in this newsletter: EBRD calls for anti-corruption reforms in EU accession countries
...That is a very important question for the markets and policymakers alike,” said Louis Kuijs, chief Asia economist at S&P Global. “Everyone is asking, ‘Is the Chinese economy stalling?’...
...That’s right: “almost none” of October’s shipments were executed below the G7’s $60-a-barrel limit, officials admit....
...Orange, an enrolled member of the Cheyenne and Arapaho tribes, achieved something like instant canonical status with his debut novel, 2018’s There There....
...That’s if you look at the S&P 500, Europe’s Stoxx 600 and China’s CSI 300 indices. The MSCI index of global stocks is on course for its worst month since last September....
...China’s benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks is down more than 2 per cent this year, compared with a rise of almost 14 per cent for the S&P 500....
...“We believe the company faces significant execution risk in unfreezing offshore cash that could be pledged for onshore borrowings,” S&P analysts noted....
...Haiti’s Prime Minister Ariel Henry will resign once a transitional council has been created to run the Caribbean country....
...Reporting by Samer al-Atrush in Dubai, Thomas Hale in Shanghai, Roman Olearchyk in Kyiv, Sarah White in London, Ian Johnston and Henry Foy in Brussels and Anastasia Stognei in Riga...
...thomas.hale@ft.com...
...On Saturday, the leaders of the world’s 20 biggest economies agreed a joint statement that “call[s] on the [multilateral development banks] to undertake comprehensive efforts to evolve their vision, incentive...
...“We’re ready to manoeuvre, we [are] increasing our achievements ahead of this operation, and when the government [gives the] order[s], we will execute,” Hagari said on Sunday....
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