Shares gain as Evergrande says it will make interest payment
CTV
Shares were mixed in Asia on Wednesday as investors awaited the Federal Reserve's latest assessment on the U.S. economy.
Shares rose in Paris, Frankfurt and Shanghai but fell in Tokyo.
Markets have been rattled by Evergrande's struggle to meet debt payments and uncertainty over what if anything the Chinese government might do to limit the impact of a possible default.
Evergrande, one of China's biggest private sector conglomerates, said it will make a payment due Thursday on a 4 billion yuan (US$620 million) bond denominated in Chinese yuan.
A company statement gave no indication whether that meant any change in the payment. The bond has a 5.8% interest rate, which would make the normal amount due 232 million yuan ($36 million) for one year.
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Stock prices, bond yields and bitcoin surged Wednesday as voters returned former U.S. president Donald Trump to the White House and the Republican party gained control of the Senate.
Employers at British Columbia ports say they are going ahead with locking out more than 700 foremen across the province after strike activities from union members began.
Warren Buffett is collecting a steady stream of profits from all of Berkshire Hathaway's assorted businesses, including Apple, without any major acquisitions.
Dockworkers at the Port of Montreal started a new strike Thursday morning, forcing the indefinite shutdown of two container terminals at the country's second biggest port.