- Mar 21, 2023 03:44 AM
- Evergrande Prepares Restructuring Agreement for End of March
- World’s most indebted developer tells Hong Kong court that creditors will get term sheets this week
- Mar 20, 2023 19:38 PM
- Riskiest Bonds for Some Asian Banks Fall by Record on Credit Suisse Deal
- Bank of East Asia’s 5.825% perpetual dollar note slumped 9.4 cents on the dollar and HSBC’s $2 billion additional tier 1 bond fell as much as 10 cents
- Mar 20, 2023 14:41 PM
- China’s Surprise RRR Cut Puts Focus on Bank Lending Rates
- Lenders held the one-year loan prime rate at 3.65% and left the five-year rate, a reference for mortgages, at 4.3%, central bank says
- Mar 20, 2023 14:15 PM
- China Huarong Warns of $4 Billion Net Loss in 2022
- The bad-debt manager cited factors including volatility in the capital market leading to declines in the value of some assets
- Mar 20, 2023 14:12 PM
- Taiwan Chip Exports Sputter on Geopolitical Tensions, Falling Demand
- Exports of IC chips to the Chinese mainland and Hong Kong fell 31.3% in February from a year earlier, government data show, the worst decline since 2009
- Mar 18, 2023 18:10 PM
- Audi CEO Seeks to Catch Up in China in Test of Germany’s Grit
- The effort is critical not just for the Volkswagen AG unit but also as a test of Germany’s ability to navigate threats to its competitiveness
- Mar 18, 2023 18:08 PM
- PBOC Official Warns SVB Failure Shows Hazard of Rapid Rate Hikes
- In first comments from China’s central bank on the crisis, Deputy Governor Xuan Changneng said some institutions ‘lacked foresight’ to position for tightening
- Mar 18, 2023 02:52 AM
- Deloitte Suspended and Fined a Record $30.8 Million Over Huarong
- China operation of global audit giant had ‘serious audit deficiencies’ in its work for trouble bad-debt manager, Ministry of Finance finds
- Mar 18, 2023 02:47 AM
- China Starts the Year in Deficit as Land Sales Continue to Slump
- January-February shortfall totals $11.4 billion compared with a surplus a year earlier, Ministry of Finance data shows
- Mar 17, 2023 20:50 PM
- China Cuts Reserve Requirement Ratio To Boost Economy
- The PBOC reduced the RRR for almost all banks by 0.25 percentage points, it said in a statement Friday. It last cut the rate in December, by the same magnitude
- Mar 17, 2023 19:55 PM
- Baidu Soars After ERNIE Gets Thumbs-Up From Analysts After Test-Run
- Preliminary approval of the ChatGPT-like service came from brokerages including Citigroup, garnering a 14% surge for the company Friday, up from a 6.4% loss the day before
- Mar 17, 2023 19:35 PM
- Hong Kong Lures Data Firm Kaiko in Push to Build Crypto Hub
- The city’s digital asset-friendly policy and emergence from Covid curbs contributed to the Paris-based company’s decision to move there, CEO says
- Mar 17, 2023 19:04 PM
- China’s Latest Battle With African Swine Fever to Push Up Pork Prices
- Fresh outbreaks over the winter have affected an estimated 10% of the country’s sow herd
- Mar 17, 2023 04:22 AM
- China Cash Squeeze Returns as Traders Look for PBOC Response
- Central bank may increase cash injections after rise in short-term borrowing costs amid market volatility and bond trading frictions
- Mar 17, 2023 04:19 AM
- TikTok Banned on U.K. Government Phones Over Security Fears
- Citing ‘cyber hygiene,’ Britain follows the U.S. and the EU in restricting use of ByteDance’s popular short video app
- Mar 16, 2023 16:46 PM
- Asian Bank Selloff Resumes With Credit Suisse as Fresh Trigger
- The MSCI Asia Pacific Financials Index slides as much as 2%, heading for its fourth loss in five sessions
- Mar 16, 2023 13:44 PM
- Fonterra Expects China Demand for Protein to Underpin Profit
- The country ‘has all the hallmarks of a great outlook in terms of that growing middle class and an increased health focus post Covid,’ a top executive of the world’s biggest dairy exporter says
- Mar 16, 2023 13:34 PM
- Thailand, EU Agree to Restart Trade Talks Halted by 2014 Coup
- Senior officials will begin talks in July for the European Union’s third free trade agreement in Southeast Asia after Singapore and Vietnam
- Mar 16, 2023 04:04 AM
- China’s $21 Trillion Bond Market Slammed as Data Screens Go Blank
- Authorities stay mum after abrupt suspension of widely used bond price feeds amid report of new regulatory curbs over data security
- Mar 16, 2023 04:00 AM
- Foxconn Has $100 Million of ‘Indirect Exposure’ to SVB Fallout
- Maker of Apple’s iPhone joins the ranks of finance and tech companies shaken by Silicon Valley Bank failure