The United States Dollar suffers significant losses against a variety of currencies.
Chinese state-run tabloid "Global Times" reports that Chinese property developer Evergrande Group will sell 51% of its property service arm to rival company Hopson Development for US$5 billion. The report comes as both Hopson and Evergrande suspended trading in their shares on the Hong Kong Stock Exchange in the morning, pending an announcement about a "major transaction".
GlaxoSmithKline and the German biotech firm CureVac sign an agreement worth 150 million euros ($180.7 million) to develop a vaccine to counter many variants of SARS-CoV-2. The vaccine, which is subject to regulatory approval, is expected to be introduced in 2022.
Authorities in Jakarta were cleaning up burned-out cars, government offices and bus shelters that were set ablaze by protesters enraged over a omnibus law they critics say will cripple labour rights and harm the environment. The authorities estimate the damage from the protest is Rp. 55 billion (US$3.7 million).
German vehicle company BMW is fined $18 million by the U.S. Securities and Exchange Commission to resolve allegations that it inflated sales figures between 2015 and 2019. The fine amounts to less than 0.3% of the company's yearly income.
S&P Global Ratings upgrades Argentina's long term sovereign-credit rating to "CCC+" from "SD" citing the end of prolonged foreign and local law foreign currency debt restructurings, effectively pulling the country out of default territory after the country successfully restructured over $100 billion in sovereign debt.
A judge in Peru issues an arrest warrant for former President Alejandro Toledo for allegedly receiving US$20 million in bribes from Odebrecht, a Brazilian construction company, in exchange for a contract deal to build a transoceanic highway between Brazil and the Peruvian coast. Toledo denies any wrongdoing.
According to an advisor to Gambian President Adama Barrow, more than 500 million dalasi, equivalent to US$11.3 million, are reported missing from state coffers after former President Yahya Jammeh left the country in exile.