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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

Coinbase abandons lending product after SEC pushback

Rusal strikes deal to supply Budweiser with ultra low-carbon cans

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.

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