Overdue mortgage loans double for AgBank

China Economic Review | Aug 30, 2022 at 11:21 AM

Agricultural Bank of China, the nation’s third-largest bank by assets, said it’s facing RMB 1.23 billion ($178 million) in overdue loans, nearly double a previous estimate, from a mortgage boycott on unfinished projects that has swept the country, reports Bloomberg.

Russian stocks up as main session begins on Tuesday

TASS Russian News Agency | Aug 30, 2022 at 10:07 AM

The Russian stock market went up at the beginning of the main session on Tuesday as the MOEX Index surpassed 2,300 points for the first time since June 30, while the RTS Index rose above 1,200 points first since July 20.

NFT.NYC party at the end of the world

Financial Times | Aug 30, 2022 at 9:31 AM

…Kevin McCoy, an early internet artist and Bitcoin enthusiast, was inspired by the anarchic, anti-hierarchical possibilities of the technology and enjoys the unofficial title of “NFT inventor”….