Australian house prices snapped 10 months of declines in March, led by a surge in the bellwether Sydney market in a positive sign for the economy after the central bank’s almost yearlong policy tightening cycle.
The enigmatic crypto entrepreneur Justin Sun tried to clarify the hazy outlook for Huobi Global, a major digital-asset exchange, as the platform’s native token struggles despite a wider rally in virtual coins.
Rising geopolitical tensions and the prospect of industrial decoupling are fueling a surge of interest in the processing of energy-transition metals outside China, one of Asia’s leading hedge funds said in an interview.
Nomura Holdings Inc named Rudolf Hitsch head of north Asia for its international wealth management business as the Japanese bank builds out its operations that to cater to the rich in the region.
China Renaissance Holdings Ltd. said it’ll suspend trading of its shares from Monday and delay the release of its audited results for 2022, as the investment bank failed to get in touch with Chairman Bao Fan who was cooperating in an investigation by Chinese authorities.
China’s Foreign Minister Qin Gang urged Japan to refrain from supporting US efforts to suppress the Chinese semiconductor industry, while his counterpart pressed for the swift return of a Japanese citizen detained by Beijing.
Stock trading for some Chinese developers was halted Monday in Hong Kong for not releasing 2022 results, an ongoing reminder of the sector’s travails despite improving new-home sales.
Japanese Foreign Minister Yoshimasa Hayashi urged his Chinese counterpart to quickly release an employee of Japanese drugmaker Astellas Pharma Inc. detained in China.
Confidence among Japan’s large manufacturers deteriorated to a two-year low, supporting views that incoming central bank governor Kazuo Ueda will maintain an ultra-easy monetary policy for a while longer.
ValueAct Capital Management LP said it doubts the independence and efficacy of Seven & i Holdings Co.’s strategic review, calling for management to respond to its questions.
