China Evergrande Requests Help From Government as Potential Debt Crunch Looms

The government of Guangdong, China's province where the struggling developer is based, says it will dispatch a working group at the request of Evergrande to help the company manage its risks.

 
Allianz Strikes Deal Over Management of $35 Billion in U.S. Annuities

The financial giant's U.S. life insurer reached an agreement to reinsure liabilities of $35 billion in one of the largest transactions of its kind.

 
China Set to Create New State-Owned Rare-Earths Giant

The move, expected to be announced this month, would aim to strengthen China's dominance of the global supply chain around the strategic metals.

 
AmEx Business Travel Going Public Through Merger With Apollo SPAC

The booking services provider under CEO Paul Abbott is merging with a blank-check company after it made several acquisitions during the pandemic.

 
Didi Leaving New York Is Next Step in U.S.-China Decoupling

The Chinese ride-hailing giant is aiming for a Hong Kong listing as soon as the first quarter of 2022. The company ran into trouble with Beijing almost immediately after its $4.4 billion initial public offering in New York.

 
Retailers Bolster Security After 'Flash Mob' Robberies

Thefts during the busy holiday shopping season mark an increase in intensity because of the size of the criminal groups and the organized nature of the crimes, said retail and security executives.

 
All Pinterest Wants for Christmas Is Users

Pinterest bulls hoping users will come home to the platform for the holidays may be disappointed.

 
Dassault Aviation, Airbus to Supply UAE With Military Aircraft

Dassault Aviation said that it will supply the United Arab Emirates with 80 Rafale F4 fighter jets as part of wider deal with the French aerospace industry worth more than EUR17 billion.

 
Covid-19 Vaccine Demand Strains CVS, Walgreens

Vaccine seekers in some states face waits of days or weeks for doses as local health officials hustle to improve access to meet surging demand. CVS, Walgreens and Walmart, which are facing staffing shortages, now say they may not be able to accommodate people without appointments.

 
Citigroup Applies for China Securities License

The Wall Street bank joins JPMorgan, Goldman Sachs and others in seeking a deeper foothold in the country after ownership restrictions that were in place for years were lifted.

(END) Dow Jones Newswires

December 03, 2021 11:15 ET (16:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.