By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s economy is in a state of recession owing to a high level of household debt, a deputy finance minister said on Monday, r[...]
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January 29, 2024
Holcim eyes $30 billion valuation with N.American business listing, picks new CEO
By John Revill ZURICH (Reuters) -Switzerland’s Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion, the building mate[...]
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Analysis-China’s growth model pushes Beijing into more trade conflicts
By Joe Cash and Christoph Steitz BEIJING/FRANKFURT (Reuters) – Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-mak[...]
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European banks’ strong run faces major test with earnings
By Tom Sims, Jesús Aguado and Valentina Za FRANKFURT/MADRID/MILAN (Reuters) – European banks’ run of soaring profits and record shareholder payouts faces a big test this week when investor[...]
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Taiwan Q4 economic growth seen picking up on domestic demand, export rebound: Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the fourth quarter than the third thanks to strong domestic consumption and a rebound in exports, a Reuters poll s[...]
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Marketmind: Asia stocks soar despite big week for risk
A look at the day ahead in European and global markets from Kevin Buckland Neither Wall Street’s wobble nor the liquidation of China Evergrande, the poster child of the property meltdown, stoppe[...]
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China to merge three major asset managers into China Investment Corp -Xinhua
BEIJING (Reuters) -China plans to merge three of the nation’s biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC), state-run Xinhua Finance News reported, as part of[...]
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Explainer-What happens next after China Evergrande ordered to liquidate?
By Clare Jim and Scott Murdoch HONG KONG (Reuters) – A Hong Kong court on Monday ordered China Evergrande, the world’s most indebted developer, to be liquidated. The move could send shockw[...]
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Evergrande faces imminent liquidation after talks with top creditors break down – WSJ
(Reuters) – Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate[...]
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