Debt restructuring no panacea for Chinese developers as challenges loom
By Clare Jim and Xie Yu HONG KONG (Reuters) – A shrinking land bank and sluggish property demand are likely…
Business
China reopening, earnings rebound to boost North Asian equities -investors
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year,…
Toyota, partners to start selling electric micro-vans by March 2024
TOKYO (Reuters) – Toyota Motor Corp and two allied automakers unveiled a micro-sized electric van targeted at Japan’s delivery industry…
Analysis-As China’s yuan drops through 7 again, the dollar is in the driver’s seat
By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) – China’s heavily managed yuan has dropped to multi-month lows and breached…
Montana to become first US state to ban TikTok
By David Shepardson (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in…
Smaller consultancies eye opportunities as China crackdown hits sector leader
(This May 17 story has been corrected to rectify the name to Friberg, not Friburg, in paragraph 17) By Samuel…
Amazon’s cloud unit to invest $13 billion in India by 2030
By Rama Venkat (Reuters) -Amazon.com Inc’s cloud computing unit will invest 1.06 trillion rupees ($13 billion) in India by the…
Analysis-Overexposed US regional banks could sell commercial property loans
By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at…
Six Pacific countries at high risk of debt distress – World Bank
WELLINGTON (Reuters) – Six Pacific countries are at a high risk of debt distress in part due to government spending…
Chile’s lithium giant SQM sees profits dip, despite uptick in prices
(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, said on Wednesday that its first-quarter net profit slid almost 6% compared…