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BBCNEWS The Context June 4, 2024 20:51:00

Hello from the bbc sport centre. i m gavin ramjaun. action from the us open to come in a few moments but first some more on the breaking news this hour and the regional and territorial federations of the spanish football federation have asked for the resignation of president luis rubiales. in a statement released in the last hour, the rfef said: after the latest events and the unacceptable they went on to say they will urge the corresponding bodies to carry out a deep and imminent organic restructuring in strategic positions of the federation to give way well, the statement comes on a big day of developments surrounding the incident. spain s top criminal court has ....

Us Open , Bbc Sport Centre , Gavin Ramjaun , Spanish Football Federation , Luis Rubiales , Criminal Court , Big Day ,

BBCNEWS The Daily Global June 4, 2024 18:38:00

To the conclusion like this government doesn t know what it s doing. yeah. because i mean, i suppose evergrande in many ways is at the center of the sort of real estate crisis in china, but it does tell us a bigger picture of what s going on. i mean, it s the largest real estate developer in the world. it s sitting on $380 billion worth of debt. and yet it s just one of many companies in china. developers are struggling. you re talking about the most overvalued housing market in the world. and by far, you re talking about an economy that s heavily leveraged. i mean, evergrande isjust the tip of the iceberg. the problem is massive. the fact that, again, that evergrande should have been a relatively straightforward case for restructuring and they have 18 months to deal with this to show. so that they were successful to inspire confidence that china is coming back. you know what? the fact that they squandered this opportunity today and basically ....

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BBCNEWS The Daily Global June 4, 2024 18:37:00

Suspended its trading in the stock market 18 months ago. so the stock had already gone down 85% or whatever, 18 months ago before it suspended trading. and then itjust resumed trading today and then went down another 85%. now, think about this, what does that really mean? and it means that the last 18 months, when this company supposedly was going through restructuring, was supposed to be getting back on its feet, have done absolutely nothing to inspire the confidence of the market. and guess what? the government should have known much better. the fact that they even allowed this company to go back to trading the stock exchange to meet that shows a total basically like amateur worship, i would say, in the way the chinese government is handling the whole thing. it shows total complacency because i think investors cannot help but to basically come ....

Stock Market , Resumed Trading Today , Stock Exchange ,

Credit Suisse posted US$4-billion loss in second quarter, media reports

Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs in the second quarter of 2023, according to a media report ....

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