China’s latest economic data put the government’s growth goal of about 5% well within reach and lessened the likelihood for more stimulus before the end of 2023. But the ongoing housing crisis remains a serious drag, worsening the outlook heading into next year.
China’s regional banks could incur a capital hit of 2.2 trillion yuan ($301 billion) from a growing debt crisis in the nation’s local governments, according to S&P Global Ratings.
Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.
OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter.
Options traders are preparing for turbulent yen trading.
Singapore-based RGE Pte is considering an offer for Vinda International Holdings Ltd., people with knowledge of the matter said, potentially setting up a bidding war for the Hong Kong-listed tissue maker.
Russia doesn’t currently have plans to ease remaining restrictions on diesel exports, according to Deputy Prime Minister Alexander Novak, indicating that there won’t be additional relief for the tight fuel market.
China’s environment ministry is asking large industrial polluters to tighten up their emissions reporting, as it adopts the procedures necessary to expand its national carbon market and prepare Chinese industry for the European Union’s carbon tax.
China home prices fell at the fastest pace in almost a year in September, adding to doubts over whether Beijing’s steps to prop up the property market are enough to revive the sector.
Honda Motor Co. will start a self-driving taxi service in Tokyo in early 2026, in a move that may help alleviate a shortage of cab drivers in one of the world’s most-populous cities.
