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OPEC+ walks 'fine line' between US and Russia
OPEC+ walks 'fine line' between US and Russia
by  AFP

The OPEC+ group of oil exporters are set to hammer out a new strategy at their meeting Wednesday, with all eyes on how they will react to soaring crude prices. Any decision on Wednesday will have to be unanimous, which may lead to a longer meeting than normal.

Alibaba shares extend losses on US delisting fear
Alibaba shares extend losses on US delisting fear
by  AFP

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders. The announcement comes as tensions between Washington and Beijing are dragged lower by a range of issues including technology, human rights and Taiwan.

Unit of Chinese property giant Evergrande ordered to pay $1.1 billion
Unit of Chinese property giant Evergrande ordered to pay $1.1 billion
by  AFP

A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing. "As the borrowers failed to repay the loans, the applicant carried out its obligations under the guarantee and claimed against the subsidiary," it said.

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