By Clare Jim and Xie Yu HONG KONG (Reuters) – A shrinking land bank and sluggish property demand are likely to hamper the plans of a growing number of private Chinese developers who have default[...]
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May 18, 2023
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, buoyed by China’s reopening and a post-pandemic recovery-led ear[...]
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Biden, McCarthy push forward towards deal on US debt ceiling
By Susan Heavey, Doina Chiacu, Andrea Shalal WASHINGTON (Reuters) -President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal[...]
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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 on the sidelines of the Group of Seven (G7) summit i[...]
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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 the closely watched 7-per-dollar level, and analysts who[...]
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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 the state to protect residents from alleged intellig[...]
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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 Shen and Xie Yu SHANGHAI/HONG KONG (Reuters) – Smaller consultancy and due-diligence[...]
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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 end of this decade, doubling down on its past investments to cater[...]
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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 a steep discount after breaching key regulatory thresholds for exposure to th[...]
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