Global Economies

Kaisa Property Holdings Evergrande

China Property Fears Resurge as Kaisa Group Misses on Interest Payment, Plunges 15%

Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a payment to investors. The Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth management product, said in a statement on Thursday it was facing unprecedented liquidity pressure due to a challenging property market and rating downgrades. …

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Visa

Visa Signals Further Cryptocurrency Ambitions With API Pilot for Banks

Visa is examining a suite of application programming interfaces (APIs) to allow banks to offer Cryptocurrency services. In a press statement, the payment giant said the Visa Crypto APIs pilot program will let clients “easily connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to …

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International Monetary Fund (IMF) Afghanistan

IMF Grants Debt Relief to Poorest Countries.

Analysts estimate that 76 of the world’s poorest nations, which are eligible to receive the bank’s International Development Association (IDA) funding, are due to make repayments of about $40bn to external creditors this year. Of this total, repayments to the IMF, World Bank and other multilateral lenders are estimated to represent about $13bn.