China has asked its largest technology companies to provide case studies of their most successful startup investments in consumer, telecom and media companies, a sign authorities are ready to grant them broader leeway in backing such deals after a crackdown brought them to a virtual halt two years ago.
China Evergrande New Energy Vehicle Group Ltd. plunged as trading resumed in its shares for the first time since April 2022, wiping $2.8 billion off the company’s market value in Hong Kong.
Australian retail sales unexpectedly fell in June, suggesting consumers are hunkering down in response to the Reserve Bank’s 12 interest-rate increases in 15 months.
North Korea’s economy shrank for a third year as the pandemic continued to weigh on activity, but resurgent trade with China is raising hopes for a rebound this year even as sanctions cloud the outlook.
The Bank of Japan could risk taking a step backwards in terms of its policy communications if it decides today to discuss letting long-term interest rates rise above its 0.5% cap by “a certain degree,” as was reported by the Nikkei.
Perceptions of China abroad are souring largely because of its foreign policy decisions, according to a survey from the Pew Research Center, which also found a lack of confidence in President Xi Jinping.
India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the US, officials with knowledge of the matter said.
Singapore home prices fell for the first time in three years in the second quarter, adding to signs that the property boom is starting to moderate.
The Bank of Japan faces a stiff challenge to prove that its yield-curve control policy remains in place should it allow 10-year yields to rise above the current cap of 0.5%.
Japan’s benchmark government bond yield pierced the central bank’s ceiling amid speculation that policymakers are discussing loosening their tight grip on interest rates.
