An affiliate of Chinese state-backed developer Sino-Ocean Group Holding Ltd. is adding to a wave of debt extensions among Chinese builders by seeking to delay a coupon payment as liquidity worsens further in the real estate sector.
The tech giant will also let users access services like OpenTable from inside chats.
Copper rebounded from its lowest close in four months as metals received a boost from speculation the Federal Reserve is set to pause hiking interest rates, which increased appetite for risk assets.
The US and the Philippines promised to deepen their defense alliance through expanded military drills and joint patrols during President Ferdinand Marcos Jr’s visit at the Pentagon where he was given rare honors, amid escalating China tensions.
The US regional banking system is at risk and the regulator’s failure to update and expand its insurance regime has “hammered more nails in the coffin,” Pershing Square’s Bill Ackman said.
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, according to the International Energy Agency.
The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, strategists say.
Mayfair Equity Partners has made a raft of promotions in London as the mid-market private equity firm bets on the UK’s future as a hub for innovative businesses.
Samsung Electronics Co. faces its first-ever labor strike after an influential union threatened to stage a walkout to protest wages and the company’s alleged attempts to block labor organization.
Australia will report a federal budget surplus for the first time in 15 years next week, Sky News reported, thanks to strong export prices and record-low unemployment.
