The potential sale highlights ongoing state-led efforts to unwind the sprawling empire of the world’s most indebted developer, which was ordered to liquidate by a Hong Kong court in early 2024 after defaulting on massive liabilities. Liquidators of China Evergrande Group have entered talks to sell a controlling stake in its property management arm to a state-owned buyer, moving a step closer to di...
The potential sale highlights ongoing state-led efforts to unwind the sprawling empire of the world’s most indebted developer, which was ordered to liquidate by a Hong Kong court in early 2024 after defaulting on massive liabilities. Liquidators of China Evergrande Group have entered talks to sell a controlling stake in its property management arm to a state-owned buyer, moving a step closer to disposing of one of the developer’s few remaining premium assets. The potential sale highlights ongoing state-led efforts to unwind the sprawling empire of the world’s most indebted developer, which was ordered to liquidate by a Hong Kong court in early 2024 after defaulting on massive liabilities.
Hong Kong’s food hygiene authorities have deployed drones to help dismantle an illegal slaughterhouse in Yuen Long, arresting its 67-year-old operator and seizing 7.4kg of goat meat and offal with an estimated market value of HK$3,000 (US$380). Acting on a tip-off earlier this week, officers from the Food and Environmental Hygiene Department identified a suspicious farm in Kam Tin, Yuen Long. The ...
Hong Kong’s food hygiene authorities have deployed drones to help dismantle an illegal slaughterhouse in Yuen Long, arresting its 67-year-old operator and seizing 7.4kg of goat meat and offal with an estimated market value of HK$3,000 (US$380). Acting on a tip-off earlier this week, officers from the Food and Environmental Hygiene Department identified a suspicious farm in Kam Tin, Yuen Long. The unlicensed premises were allegedly used to keep and slaughter goats, with the meat to be sold in Kam...
Don Wu/E+ via Getty Images As geopolitical shocks resurface and inflation climbs, VanEck's models trim equity exposure and reposition commodities, preparing portfolios for a range of outcomes in an uncertain world. Cracks in the Foundation Globalization powered decades of prosperity. It was efficient, scalable, and deflationary. Until it wasn’t. The first crack came during COVID, when the complexi...
Don Wu/E+ via Getty Images As geopolitical shocks resurface and inflation climbs, VanEck's models trim equity exposure and reposition commodities, preparing portfolios for a range of outcomes in an uncertain world. Cracks in the Foundation Globalization powered decades of prosperity. It was efficient, scalable, and deflationary. Until it wasn’t. The first crack came during COVID, when the complexity behind that system broke under pressure. Supply chains froze. The world was reminded that efficiency and resilience are not the same thing. The system healed. Trade resumed. Markets moved on. Now we’re getting the second reminder. The Second Shock: Fragility Returns The Iran conflict has exposed the same vulnerability, this time through a different channel. When stronger powers face asymmetry, the response is rarely conventional. This time, the focus is the Strait of Hormuz. This is not just another shipping lane. It is a critical artery. Source: IMF Portwatch. When it tightened, the system strained. If it closes, the system breaks. Energy markets are reacting accordingly. Historically, when energy prices surge, equity markets struggle. Higher energy costs act as a tax on the global economy. And yet today, equities are hovering near all-time highs. That is not a coincidence. It is a statement. Energy Shocks and Market Selloffs Coincide Source: Bloomberg; as of April 2026. Past performance is no guarantee of future results. Index performance is not illustrative of strategy performance. It is not possible to invest directly in an index. Markets are betting this disruption is temporary. That the Strait will reopen quickly. That the system will once again prove resilient. That may be right. We are not willing to assume it is. We have reduced equity exposure across our Wealth Builder models by about 1%. This was based on recognition that risks have shifted, and that taking profits into strength is prudent. Inflation is Back in the Conversation At the same time, inflation is n...
Tim Robberts Stock index futures slipped on Friday as optimism grew that Middle East tensions may be easing after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump signaled potential U.S.-Iran talks over the weekend. Now, here are 5 news stories that broke overnight to watch out for: Oil prices ease on ceasefire hopes: Crude prices dipped in early Friday trade am...
Tim Robberts Stock index futures slipped on Friday as optimism grew that Middle East tensions may be easing after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump signaled potential U.S.-Iran talks over the weekend. Now, here are 5 news stories that broke overnight to watch out for: Oil prices ease on ceasefire hopes: Crude prices dipped in early Friday trade amid signs the Middle East conflict could be stabilizing. Brent crude ( CO1:COM ) futures fell 0.62% to $98.77/bbl, while U.S. West Texas Intermediate crude ( CL1:COM ) dropped 1% to $93.69, trimming gains from the previous session as traders weighed the possibility of diplomatic progress between Washington and Tehran. Russia space weapon concerns: Gen. Stephen Whiting, head of U.S. Space Command, said reports of Russia planning a nuclear weapon in space are “so concerning,” warning of risks to global communications and GPS services. “Russia remains a very historic and sophisticated space power,” Whiting told The Times. “They’ve been hurt by economic sanctions, but they continue to invest in counterspace weapons, with the most concerning reports being that they are potentially thinking about placing in orbit a nuclear ASAT weapon.” CDC leadership nomination: President Donald Trump on Thursday nominated Erica Schwartz to lead the Centers for Disease Control and Prevention, ending a months-long search for a permanent director. Schwartz, who will need Senate confirmation, would take the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a series of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations. MLB streaming probe: U.S. regulators are examining the distribution of streaming rights for Major League Baseball as part of a larger federal probe into how professional sports leagues provide games to online platforms. Federal Communications Commission Chairman Brendan Carr said he’s listening to base...