Coal India Ltd., one of the world’s top producers of the fuel, reported earnings tumbled on the surging cost of its wage bill and because it’s been largely unable to benefit from the fuel’s recent price boom.
The Chinese economy’s debt ratio reached a record high in the first quarter of the year, with bank loans to companies surging as the nation reopened from Covid Zero.
China’s education companies surged after President Xi Jinping stressed the importance of improving the quality of the workforce given the declining birthrate and aging population.
Coal mafias, graft and industrial sabotage are pushing South Africa’s power monopoly closer to collapse
Asia’s earnings spotlight shifts to Japan this week as the yen may find a fresh support after the Federal Reserve hinted the latest interest-rate increase may mark the tightening cycle peak.
Beijing curtailed access by overseas firms to Chinese data sources at least in part because of a series of reports written by US research institutions that alarmed officials, the Wall Street Journal reported, citing people with knowledge of the matter.
Warren Buffett said he prefers deploying capital in Japan instead of Taiwan, lamenting how geopolitics led his firm to cut stakes in the island’s chip-maker giant.
A commercial property formerly owned by a Chinese tycoon has been put up for sale by the creditor as a liquidity crunch among mainland real estate entrepreneurs continues.
Shares of Japanese banks — which are seen as the most vulnerable in Asia to the turmoil gripping the US banking sector — underperformed as trading resumed after the Golden Week holiday.
Expats aren’t the only ones feeling the pinch of rents in Singapore rising at the fastest pace in the world.
