Bloomberg Chinese developers are facing the biggest liquidity test in more than four years, exacerbating challenges brought on by stringent funding restrictions and a prolonged profitability drop. Cash reserves of the nation’s 50 largest-listed home builders were just enough to cover short-term debt as of June 30, the least since 2016 when China began deleveraging its economy, according to recent ...

Bloomberg Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the Baltic Sea pipeline to Russia’s cooperation in an inquiry. ...

Bloomberg Hundreds of thousands of people have been ordered to evacuate in southern Japan, and companies including Toyota Motor Corp and Canon Inc are planning to shutter factories as Typhoon Haishen approaches. The Japan Meteorological Agency said the typhoon may make landfall on Kagoshima prefecture in the southern Kyushu island on Sunday evening. More than 46,000 households were without power ...

Bloomberg UK Foreign Secretary Dominic Raab said Russia has a “case to answer” over the poisoning of opposition leader Alexei Navalny given its “track record,” and called for the Kremlin’s cooperation with an international investigation. Speaking to the BBC on Sunday, Raab said that while it’s too early to attribute blame, “it’s very difficult to come up with a plausible ...

Bloomberg Democratic presidential nominee Joe Biden is expanding his transition team with senior campaign aides, vice presidential contenders and a former primary rival, two months before he faces President Donald Trump in the general election. Biden added four co-chairs to help former Delaware Senator Ted Kaufman oversee the effort. They include Anita Dunn, a senior adviser to the campaign; Representative ...

Bloomberg Hong Kong police arrested scores of people including key activists as protests again flared up on the city’s streets on Sunday after weeks of relative calm since the implementation of a national security law. At least 90 people were arrested on charges including illegal assembly, disorderly conduct, obstructing and assaulting police, according to the authority. More than 20 people ...

Bloomberg Germany will prioritise strengthening its public-health service and hire more workers, Chancellor Angela Merkel said in her weekly podcast. Under the plan, the federal government will spend $4.7 billion by 2026 to allow for an additional 5,000 public health-care workers and the improvement of the digitalisation of health departments. The so-called ‘pact for the public health service’ was announced ...

Bloomberg Argentina must reduce its bond yields before returning to international capital markets in a process that will likely take some time, Economy Minister Martin Guzman said on the day the country concludes a $65 billion debt swap. In the shorter term, it will continue to work with the 1% of bondholders who did not accept the government’s debt restructuring ...

Bloomberg UK car sales declined in August, denting hopes of a recovery in the industry from a coronavirus-driven sales slump. Vehicle registrations dropped 5.8% to 87,226 vehicles, according to the Society of Motor Manufacturers and Traders. July brought the UK’s first monthly gain in car sales of 2020, providing some relief as the industry cuts jobs and capacity to weather ...

Bloomberg Canadian Prime Minister Justin Trudeau will extend a loan program for commercial landlords into September as small businesses struggle to reopen amid Covid-19, Globe & Mail reported. The Canada Emergency Commercial Rent Assistance Program will be extended for a third time as the government works through options for reforming its rent-relief strategy, the paper said, citing people familiar with ...