China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease a liquidity crunch and continuing debt sell-off. Source The Australian
The troubled Chinese property group Evergrande has edged closer to a government-engineered restructuring which could see bondholders take huge losses as Beijing’s price for saving millions of homeowners from financial ruin. Source The Guardian
US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi. Source DW
he last section of the Nord Stream 2 gas pipeline has been welded into place, its operator said on Monday, meaning the two long stretches of the pipe can now be joined to complete the Baltic subsea link. Source Reuters
