 | | | | Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended an overhaul of the rankings to limit countries' efforts to "manipulate their scores." | | | | | | Basketball great Michael Jordan will increase his investment in Sportradar Group AG and will serve as a special advisor to the company's board, the sports gambling data company said on Monday. | | | | | | World stocks sold off sharply on Monday while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy, sparking fresh investor worries ahead of a busy week of central bank meetings. | | | | | | Lennar Corp topped Wall Street estimates for quarterly revenue on Monday, benefiting from higher demand and rising home prices, but the No. 2 U.S. homebuilder warned of supply chain challenges to the homebuilding industry. | | | | | | Bank of America Corp has named three bankers to head its global financial institutions investment banking business, according to a company memo seen by Reuters on Monday. | | | | | | Wall Street plunged on Monday as fear of contagion from a potential collapse of China's Evergrande prompted a broad sell-off and sent investors fleeing equities for safety. | | | | | | Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. | | | | | | Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets. | | | | | | Royal Dutch Shell said on Monday it is selling its assets in the largest U.S. oil field to ConocoPhillips for $9.5 billion in cash. | | | | | | Spreads on 10-year U.S. interest rate swaps over Treasuries hit their widest in more than six months due in part to worries about the potential fallout of Chinese property group Evergrande's financial troubles to the global economy. | | | | | |
