Chinese steelmakers received approvals from provincial authorities to invest about $100 billion in new coal-based mills over the past two-and-a-half years, according to the Centre for Research on Energy and Clean Air.
Three months on from winning a shareholder vote over a strategy shakeup pushed by its largest shareholder, HSBC Holdings Plc Chief Executive Officer Noel Quinn said the debate over a potential split of Europe’s largest bank was over.
Australia’s central bank kept its key interest rate unchanged on Tuesday following a cooling of inflation pressures and weaker household spending, while keeping the door ajar to future hikes.
A year after China set up a company that’s expected to become the world’s biggest iron ore buyer, the firm and how it will operate remains shrouded in mystery.
Barclays Plc is reshuffling its Hong Kong and India teams after the departures of two senior executives, according to internal memos.
The recovery in Macau’s casino sector strengthened in July, with gaming revenue returning to about 68% of pre-pandemic levels as tourists flocked to the gambling hub during the summer vacation period.
Country Garden Holdings Co. canceled a HK$2.34 billion ($300 million) stock offering in the latest setback for one of China’s largest private-sector developers, a person with knowledge of the matter said.
President Xi Jinping has overhauled the military leadership managing China’s nuclear arsenal amid reports of a sweeping corruption probe in the rocket force that would play a key role in an invasion of Taiwan.
Chinese equities have staged a sharp rebound as Beijing makes the right noises on the policy front, and some key market indicators are pointing to more gains.
China has pledged to boost credit to private companies and extend other funding measures to small firms as policymakers seek ways to shore up confidence and support the recovery.
