Japan investors bought about 140 billion yen ($1 billion) of Credit Suisse Group AG’s bonds that were written off when the Swiss bank was suddenly sold last month, Finance Minister Shunichi Suzuki said.
China’s Tianqi Lithium Corp. said it’s scrapping its takeover bid for Australian explorer Essential Metals Ltd. after failing to secure enough support from the target’s shareholders.
Sweden’s real estate agents expect no imminent reversal of one of the world’s biggest housing price declines that shaved some 15% off the value of homes in the Nordic country.
Spooked by the threat that China might invade Taiwan, the US wants to cut its dependence on the island’s world-beating microchips. Officials in Taipei believe the Biden administration is going too far.
Overseas workers are bouncing back from the pandemic and sending more remittances then ever
Only six months since the China reopening trade triggered the world’s best stock gains, investors have stopped believing in the market’s upward trend.
Florida Governor Ron DeSantis will visit Japan next week as he tests the international waters ahead of a possible decision to seek the Republican nomination for US president.
Nomura International (Hong Kong) Ltd. and Bank of America Corp. raised their forecasts for China’s economic growth for this year after data this week showed a strong recovery in the first quarter.
Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial rescue.
Contemporary Amperex Technology Co. Ltd. reported an 83% jump in revenue that well outdid market expectations, fueled by climbing demand for cleaner vehicles and falling raw materials costs.
