Minty Bets, Jared Quay & Matt Gothard pick their top future bets for the NFL Playoffs.
Minty Bets, Jared Quay & Matt Gothard pick their top future bets for the NFL Playoffs.
(Bloomberg) -- China Evergrande Group shares have had their best start to a year since 2012 after the developer said it plans to redeem a $2 billion convertible bond early, passing a liquidity test as it looks to substantially cut debt.The residential builder said it will redeem the remaining principal of HK$16.1 billion ($2.1 billion) in advance on Feb. 10, according to a filing Monday. The company will tap internal funds of HK$16.5 billion to pay the principal and interest, and the bond will be canceled.Evergrande closed 16% higher in Hong Kong to HK$17.26 Tuesday, the biggest gain since Sept. 30. The stock is also up 16% on the year, the best start in nine years, according to Bloomberg data. Rival developers including Sunac China Holdings Ltd. also surged in Hong Kong after data on Monday showed the nation’s residential sales reached a record last year.The company’s 8.75% dollar bond due 2025 rose 0.8 cent on the dollar to 81.61 cents in Hong Kong, according to prices compiled by Bloomberg.“For bond investors, it would be another milestone on debt reduction on top of recent efforts,” said Daniel Fan, a credit analyst at Bloomberg Intelligence. “It’s a show of strength especially when investors were still concerned about default risk three months ago.”Read more: Evergrande Will Find Out How Good Its Friends Are: Shuli RenThe developer, saddled with a debt pile of almost $120 billion last year, said the early repayment shows its cash strength, and reiterated its pledge to cut debt by 150 billion yuan ($23 billion) this year. China developers are under increased pressure to lower debt under new requirements imposed by China’s regulator known as the “three red lines.” Evergrande’s latest financial figures suggest it breached all three debt metrics under the new rules.Evergrande sold the five-year HK$18 billion convertible bond in 2018, allowing holders to convert their notes to equity by Feb. 14 at HK$33.24 apiece. The share price had been trading at less than half that recently before the redemption plan. The 4.25% convertible bond maturing in 2023 traded close to par at 98.9 cents Tuesday.(Updates with closing share prices throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
‘Substantial variation’ in antibody positivity between different regions of England, says Office for National Statistics
IATA said airlines will need another $70-$80bn cash injection to survive the loss of business due to the pandemic.
The past two weeks, Joe Biden can't fall back on the traditional feel-good inaugural moves. Here's what he needs to do instead.
‘If you turn me in, you’re a traitor and you know what happens to traitors...traitors get shot,' he told his children
The "Pervious Pavement Market By Product Type, By Material Type, By End Use, And Segment Forecasts, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
Consultation launches over suggested plan for grading
Buccaneers quarterback Tom Brady has rewritten the postseason record book, and in Sunday’s NFC Championship Game he may reach another couple of impressive and unprecedented milestones. Brady only has to pass for 32 yards on Sunday to reach 12,000 yards in the postseason in his career. That’s easily the best in NFL history; Peyton Manning [more]
Jean-Pierre Bacri, the French actor and screenwriter known for his collaborations with Agnès Jaoui, has died at the age of 69. He died after a battle with cancer according to multiple French reports which cited his agent Anne Alvares-Correa. Bacri broke out on the stage and screen in the 1980s, including appearing in Luc Besson’s […]
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. The government discussions coincide with a growing number of complaints from India's brick-and-mortar retailers, which have for years accused Amazon and Walmart Inc-controlled Flipkart of creating complex structures to bypass federal rules, allegations the U.S. companies deny. India only allows foreign e-commerce players to operate as a marketplace to connect buyers and sellers.
Today, Aledade announced it has closed a $100 million Series D funding round following a year of significant growth for its national network of risk-taking primary care practices. Returning investor Meritech Capital led the round, which included new growth investors Tiger Global Management and IVP, and returning investor OMERS Growth Equity.
Janet Yellen, President-elect Joe Biden's nominee for Treasury secretary, will tell lawmakers they must 'act big' to lift the U.S. economy out of recession; Goldman Sachs, Bank of America and Netflix report earnings; Tesla begins deliveries of its first Shanghai-made Model Y crossovers in China.
The "Global Corporate Learning Management System (CLMS) Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024 Edition)" report has been added to ResearchAndMarkets.com's offering.
Russell T Davies has said his new series has "a truth".
Follow the latest developments here
Netflix’s French original “Lupin” is the streamer’s latest international hit, and set to pull in eye-watering numbers for the service. The SVOD giant projects that the clever Omar Sy-fronted crime caper will be watched by 70 million members within its first 28 days on the service. The drama launched on Friday and has already nabbed […]
Dublin, Jan. 19, 2021 (GLOBE NEWSWIRE) -- The "Global Propylene Oxide Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering. The global propylene oxide market is anticipated to achieve a CAGR of 4% during the forecast period, i.e. 2021-2025. On account of the growing number of applications in a wide variety of end-use industries such as food & beverage, pharmaceuticals, plastics, and others, the production of propylene glycol has seen a substantial rise in recent years. Propylene glycol is used as a chemical feedstock in the manufacturing of unsaturated polyester resins, medication vaporizers, hand sanitizers, airplane de-icing oils, and solvents for several compounds. The rising number of applications of propylene glycol derived from propylene oxide is another main factor responsible for the growth of propylene oxide market.The global propylene oxide market consists of various segments that are segmented by production process, end user and by region. Production process is further segmented by chlorohydrin process, styrene monomer process, hydrogen peroxide process, TBA co-product process, and cumene-based process. It is projected that the chlorohydrin process (CPHO) will account for a business value of around USD 4800 million by 2020. CHPO is the oldest process used in propylene oxide processing and held the highest market share in 2019.Based on end user, the global propylene oxide market is segmented into automotive, building & construction, textile & furnishing, chemical & petrochemical, packaging, electronics, and others, out of which, building & construction is the largest end user segment. Propylene oxide is used in the construction industry as a structural solvent for use in paints, adhesives, grout, coatings and waterproofing materials. In addition, the second-largest consumer of propylene oxide, an unsaturated polyester resin derived from propylene glycol, is used for reinforcing fiberglass to form fiber-reinforced plastics.Based on region, the global propylene oxide market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in Asia-Pacific held the highest share in 2019 and is estimated to hold this position throughout the forecast period. China, India, Japan, Australia, and Southeast Asian nations are some of the main contributing nations. Growing application of propylene oxide in end-use industries, such as automotive, manufacturing, food & beverage, and others is anticipated to drive the demand for propylene oxide in this region. Furthermore, an increase in the demand for propylene oxide in countries such as China, India, Vietnam, the Philippines and Indonesia owing to growth in commercial construction is projected to trigger the demand for propylene oxide in the region.Some of the affluent industry leaders in the propylene oxide market are Dow, Balchem Inc, BASF SE, Ashland; Alfa Aesar, Thermo Fisher Scientific.; Sumitomo Chemical Co, Ltd., Huntsman International LLC, Lyondellbasell Industries Holdings B.V., Eastman Chemical Company and others. Key Topics Covered: Global Propylene Oxide Market1. Introduction Market DefinitionMarket SegmentationProduct Overview 2. Assumptions And Acronyms3. Research Methodology Research ProcessPrimary ResearchSecondary ResearchMarket Size Estimation 4. Executive Summary- Global Propylene Oxide Market5. Regulatory Landscape6. Market Dynamics DriversRestraintsTrendsOpportunities 7. Industry Risk Analysis Demand Risk AnalysisSupply Risk Analysis 8. Competitive Landscape Benchmarking Of The CompetitorsCompany Market Share Analysis (%)Company Profiles 9. Global Propylene Oxide Market Outlook9.1. Market Size And Forecast, 2015-2025 By Value (USD Million), 2015-2025fBy Volume (Tons), 2015-2025fMarket SegmentationBy Production ProcessChlorohydrin Process, Styrene Monomer Process, Tba Co-Product Process, Hydrogen Peroxide Process, Cumene-Based Process, 2015-2025f (USD Million & Kilotons)By End-UserAutomotive, Building & Construction, Packaging, Electronics, Textile & Furnishing, Chemicals & Pharmaceuticals, Others, 2015-2025f (USD Million & Kilotons)By RegionNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa, 2015-2025f (USD Million & Kilotons) 10. North America Propylene Oxide Market Outlook Market Size, By Value (USD Million)Market Size, By Volume (Kilotons)Macro-Economic IndicatorsMarket OverviewMarket SegmentationBy Production ProcessBy End-UserBy Country 11. Europe Propylene Oxide Market Outlook Market Size, By Value (USD Million)Market Size, By Volume (Kilotons)Macro-Economic IndicatorsMarket OverviewMarket SegmentationBy Production ProcessBy End-UserBy CountryUK, Germany, France, Italy, Russia, Spain, Netherlands, Switzerlands, Turkey, Rest Of Europe, 2015-2025f (USD Million & Kilotons) 12. Asia Pacific Propylene Oxide Market Outlook Market Size, By Value (USD Million)Market Size, By Volume (Kilotons)Macro-Economic IndicatorsMarket OverviewMarket SegmentationBy Production ProcessBy End-UserBy CountryChina, India, Japan, South Korea, South East Asia, Oceania, 2015-2025f (USD Million & Kilotons) 13. Latin America Propylene Oxide Market Outlook Market Size, By Value (USD Million)Market Size, By Volume (Kilotons)Macro-Economic IndicatorsMarket OverviewMarket SegmentationBy Production ProcessBy End-UserBy CountryBrazil, Argentina, Columbia, Chile, Peru, Rest Of Latin America, 2015-2025f (USD Million & Kilotons) 14. Middle East & Africa Propylene Oxide Market Outlook Market Size, By Value (USD Million)Market Size, By Volume (Kilotons)Macro-Economic IndicatorsMarket OverviewMarket SegmentationBy Production ProcessBy End-UserBy CountryGcc, North Africa, South Africa, Rest Of Middle East & Africa, 2015-2025f (USD Million & Kilotons) 15. Analyst's Review Companies Mentioned DowBalchem IncBASF SEAshland; Alfa AesarThermo Fisher Scientific.; Sumitomo Chemical Co Ltd.Huntsman International LLCLyondellbasell Industries Holdings B.V.Eastman Chemical Company For more information about this report visit https://www.researchandmarkets.com/r/xqib79 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Donald Trump has ordered U.S. agencies to assess the risks posed by Chinese-made drones in government fleets. The executive order requires the bodies to outline steps to mitigate any risks, including the removal of drones from federal service. Last month the Commerce Department added China's SZ DJI Technology to the U.S. government's economic blacklist. The world's largest maker of drones had no immediate comment on the new executive order. In January last year the U.S. Interior Department grounded its fleet of about 800 Chinese-made drones. Later in the year it ordered a halt to any further purchases of such devices. The Department of Homeland Security has also warned U.S. companies on risks from Chinese drones. It says officials have 'strong concerns' that foreign intelligence agencies could be given unfettered access to data from drones.
Tuesday will be a breezy blend of sunshine and clouds with temperatures in the low 40s.
Wicketkeeper Rishabh Pant said he was enjoying one of the "biggest moments" of his life after guiding India to a historic win over Australia with a fearless innings on Tuesday.