Read a transcript of this episode on FT.com
Global financial markets are jittery about the possible default of indebted Chinese property developer Evergrande but the FT’s markets editor Katie Martin explains why it is unlikely to be another Lehman Brothers; foreign investors, especially from China and Japan, have become major buyers of US Treasuries and could prop up the market if the Fed withdraws; and Coinbase backed down from launching a new lending product after US regulators threatened to sue.
Wall Street stocks sell off as Evergrande crisis intensifies
Foreign investors help prop up Treasury market as Fed considers retreat
Shell agrees $9.5bn sale of Permian Basin oil business to ConocoPhillips