China Evergrande fears grip markets as Beijing stands back, for now

14 Sept 01:21 Key points summarised by AI

China Evergrande Group's potential default on its $305 billion debt is causing significant anxiety across global financial markets, with investors fearing a domino effect.
Beijing has largely remained silent on the crisis, leading analysts to believe direct government intervention is unlikely unless the situation poses a far-reaching systemic risk to the economy.
Evergrande faces critical interest payment deadlines this week, while its chairman has attempted to reassure staff and investors of the company's ability to overcome its 'darkest moment' and deliver projects.
Despite widespread market jitters and plummeting Evergrande shares, many analysts downplay the crisis as China's 'Lehman moment,' though a messy collapse and low recovery for investors are anticipated.

Sihasak urges Thais in Europe to stay alert as protests spread

Yesterday 12:06 Key points summarised by AI

Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.