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UPDATE 4-China Evergrande's rising default risks shift focus to possible Beijing rescue Netscape Gadgets & Tech

September 22, 2021
Source: netscape.com netscape.com
News Snapshot:
By Clare Jim and Anshuman Daga and Kane Wu Reuters (Updates with quote, context) HONG KONG/NEW YORK, Sept 21 (Reuters) - Persistent default fears eclipsed efforts by China Evergrande Group's chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. Analysts played down the threat of Evergrande's troubles becoming the country's "Lehman moment," though concerns about the spillover risks of a messy collapse of what was once China's top-selling property developer have roiled markets. In an effort to revive battered confidence in the...
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