Sep 20, 2022 15:43 PM- Chinese Banks Keep Lending Rates Unchanged After PBOC Pauses
- The one-year loan prime rate was left at 3.65% and five-year at 4.3%, after the central bank suspended monetary easing to defend a weakening yuan
Sep 20, 2022 15:03 PM- Sea to Fire 3% of Shopee’s Indonesia Staff in Cost-Cutting Move
- The Singapore-based firm started informing staff at its cash-burning e-commerce arm Monday, according to an internal memo
Sep 20, 2022 15:00 PM- EV-Maker Leapmotor Seeks Cornerstone Investors for $1 Billion Hong Kong IPO
- The Chinese firm is in talks ahead of the launch of its share offering Tuesday, sources say
Sep 20, 2022 14:54 PM- Tesla Completes Shanghai Factory Expansion
- The carmaker plans to produce 14,000 Model Y SUVs and 7,700 Model 3 sedans a week after it finishes testing its new production lines
Sep 20, 2022 05:02 AM- China Struggles to Stem Yuan Slide With Jawboning
- Pushback using reference rate and verbal warnings can’t overcome wave of selling as rising U.S. interest rates drive the dollar higher
Sep 20, 2022 04:55 AM- Hong Kong May Scrap Hotel Quarantines and Pre-Arrival Tests
- Authorities move to reopen in competition with Singapore and New York ahead of high-profile events in coming months, local media report
Sep 19, 2022 16:52 PM- China Vanke Unit Seeks Up to $784 Million in Hong Kong IPO
- The developer’s property management arm Onewo is offering its shares at HK$47.1 to HK$52.7 each
Sep 19, 2022 16:51 PM- Here’s Where Asia’s Rich Are Stashing Their Cash as Global Risks Grow
- High net worth individuals are repositioning toward private markets to shield their assets from market volatility, Lombard Odier study finds
Sep 19, 2022 15:35 PM- China Lifts Two-Week Lockdown in Chengdu, City of 21 Million
- The local government has allowed residents to leave home and resume normal life for the first since Sept. 1, as long as they get weekly Covid tests
Sep 19, 2022 15:31 PM- Goldman Sachs Says China Stocks May Not See Party Congress Boost
- Growth momentum has been historically strong in the run up to the key political event, but ‘it’s uncertain whether the historical precedents will be valid’ for the Oct. 16 gathering, according to the firm’s strategists
Sep 19, 2022 15:09 PM- Lululemon Billionaire Helps China’s Anta in Consumer Sales Push
- Chip Wilson was a minority partner in the group led by Anta that bought Amer for more than $5 billion. Its portfolio includes Salomon and Atomic ski equipment, Arc’teryx outdoor apparel and sporting goods maker Wilson
Sep 17, 2022 18:35 PM- Modi Urges Peace in Ukraine, Joining China’s Xi in Questioning Putin
- Russian leader acknowledged India’s concerns, saying ‘we’ll do everything to end this as soon as possible.’
Sep 17, 2022 04:50 AM- Boeing Diverts Some 737 Max Orders From China
- Grounding of the plane in Boeing’s biggest market since 2019 left it with $5 billion tied up in 140 jetliners that the CEO wants to move
Sep 17, 2022 04:47 AM- ByteDance to Buy Back $3 Billion of Shares After IPO Stalls
- Offer values owner of TikTok at $300 billion and gives investors a way to cash out in the face of regulatory and market headwinds
Sep 17, 2022 04:43 AM- Chinese Households May Shift $18.1 Trillion Into Financial Investments
- Waning outlook for real estate will make household assets a ‘gold mine’ for wealth managers as people reallocate assets, brokerage says
Sep 16, 2022 17:30 PM- China’s Housing Prices Slump for a Year as Crisis Drags On
- New-home prices in 70 cities fell 0.29% last month from July, official data showed
Sep 16, 2022 16:54 PM- PBOC Keeps Up Currency Defense as Yuan Slides Past 7 Per Dollar
- China’s central bank sets the yuan fixing at 6.9305 per dollar, far stronger that than the average estimate in a Bloomberg survey
Sep 16, 2022 16:49 PM- China’s Economy Shows Signs of Recovery as Stimulus Ramps Up
- Production and retail sales growth beat expectations in August, but came off a low comparison base last year and were well below pre-pandemic levels
Sep 16, 2022 15:49 PM- China’s Swap Markets Signal Near-Term Easing Bets Are Fading
- The country’s one-year interest rate swaps, which show investor expectations of funding costs in the future, climb for the seventh straight day
Sep 16, 2022 03:57 AM- China Alleges U.S. Double Standard Over Stalled Iran Nuclear Deal
- IAEA envoy Wang Qun objects to U.K. and U.S. plan to send nuclear submarine fuel to Australia but draws stiff pushback from American diplomat
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