By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring pr[...]
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Asia
Marketmind: Good is bad? Depends on who or what you are
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Good is bad again – or vice versa – as markets worry upbeat U.S. retail sales[...]
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Japan auto lobby opposes plan to tax mileage of electric vehicles
TOKYO (Reuters) -A Japanese automobile lobbying group “firmly opposes” a plan for mileage tax on electric vehicles (EVs), an official of the group said on Thursday, adding that it would sl[...]
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Rise and fall of crypto exchange FTX
(Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its spectacular collapse that has sent shivers through the industry. The U.S.[...]
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Japan trade gap persists as weak yen squeezes purchasing power
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s imports in October surged by more than half from a year earlier, dwarfing growth in exports and enlarging a trade deficit that has weighed he[...]
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Renault considers transferring over half of Nissan stake to match holdings – Nikkei
TOKYO (Reuters) -Renault SA may transfer more than half its stake in Nissan Motor to a trust to match the Japanese car maker’s holdings in itself, the Nikkei newspaper reported on Thursday. Rena[...]
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Global stocks slip, dollar steady as retail sales tip Fed outlook
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clou[...]
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As FTX collapses, Temasek becomes latest backer to write down $275 million funding
SINGAPORE (Reuters) – Singapore state investor Temasek Holdings said it would write down the value of its entire investment of $275 million in collapsed crypto currency exchange FTX, in the late[...]
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Foreign holdings of Treasuries drop to lowest since May 2021 -data
NEW YORK (Reuters) – Foreign holdings of Treasuries in September dropped to their lowest level since May 2021, data from the U.S. Treasury Department showed on Wednesday, led by Japan and China[...]
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