Solid profits in the first quarter have set the Swiss National Bank on track to make up for the record loss it suffered last year, but shareholders are still unlikely to see a dividend for 2023.
No Va Land Investment Group Corp., one of Vietnam’s biggest property developers, said it’s returning engineers to the Grand Manhattan, a 39-story marquee development in the heart of Ho Chi Minh City where work was halted five months ago when it ran out of funds after pouring concrete at floor 28.
Japan’s biggest life insurers are sticking with plans to reduce holdings of currency-hedged foreign debt this year and buying bonds at home amid speculation of central bank policy tweaks.
Spain is set to request additional European recovery funds to help build up its film and television business into a long-term sustainable industry that’s attractive to global content producers, María González Veracruz, the country’s telecommunications secretary, said.
Tension is building over the US debt ceiling, spurring investors as far away as Asia to prepare for the worst — even if a resolution is the base case and US markets will take the first hit from any potential default.
Singapore is raising taxes on property purchases to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub.
Australia’s A$250 billion ($165 billion) sovereign wealth fund is seeking stock pickers once again as global market upheavals make outperformance more elusive.
Adani Group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said, in what could be the conglomerate’s biggest borrowing since it was slammed by a short seller in January.
The strong start to the year for equities isn’t contrary to the bond markets pricing for a recession, as stocks normally peak when economic slowdowns are imminent, according to Gerard Minack, a former Morgan Stanley global strategist.
Profits at industrial firms in China continued to plunge in the first three months of the year, as a pickup in factory production failed to offset a further decline in prices.
