Tom Westbrook
Stories by Tom Westbrook
Singapore-based crypto lender Vauld suspends withdrawals
The crypto industry has been shaken by a series of collapses in recent months
Singapore regulator MAS rebukes crypto hedge fund Three Arrows Capital
Three Arrows is one of the highest-profile investors hit by the sharp sell-off in crypto markets
Bitcoin set for record loss as ‘stablecoin’ collapse crushes crypto
The sentiment is particularly fragile as tokens supposed to be pegged to the dollar have faltered.
In virus-hit China, investors choose to play safe with bonds and deposits
Gloomy economic outlook saps demand for risky assets
BlueBay a buyer of China Evergrande debt; Ashmore, UBS exposed
Evergrande owes $305 billion and has run short of cash.
Evergrande misses payment deadline on bond, EV unit warns of cash crunch
Hopes are not high for a swift resolution.
China’s house of cards: Evergrande threatens wider real estate market
With liabilities of nearly $305 billion, its possible collapse looms as one of China's largest for years.
Regulatory clampdowns wipe off half a trillion dollars from Chinese markets in a week
The epicentre of the selloff has been the tech sector.
Analysts expect more pressure as Malaysia’s political turmoil drives away investors
Foreigners hold about 40% of Malaysia's sovereign debt.
Chinese telcos lose $5.6b market value after index providers drop them from benchmarks
MSCI, FTSE Russell, and S&P Dow Jones said they will drop China Mobile, China Telecom, and China Unicom Hong Kong.
