Bloomberg Business

Yield premiums on high-grade Asian dollar bonds were on course for the sharpest monthly jump since March as concerns about China’s ailing economy and property woes weighed on demand.

Country Garden Holdings Co. warned that it may default on its debt and raised concerns about staying in business after the embattled Chinese developer posted a record first-half loss of almost $7 billion.

Investigators have named more than 1,800 suspects and raided over a dozen international banks in a probe that could drag on for years

Persimmon Plc’s pending exit from the FTSE 100 Index after a decade-long stay provides the latest sign of how the highest UK interest rates since the global financial crisis are crushing the country’s property-related stocks.

UK officials should consider lifting the Bank of England’s inflation target from 2% once rampant price growth is brought under control, according to one of Chancellor Jeremy Hunt’s advisers.

China’s three largest airline companies reported significantly narrower losses for the first half of 2023 as Beijing’s lifting of Covid restrictions late last year unleashed pent-up demand for domestic travel.

China approved the first batch of generative artificial intelligence services for public rollout, freeing up homegrown technology champions including Baidu Inc. and SenseTime Group Inc. to openly compete with the likes of OpenAI Inc. and Microsoft Corp.

New Zealand’s main opposition National Party would quickly remove the central bank’s dual mandate and return it to a sole focus on inflation if it wins the October election.

A gauge of trader sentiment toward China’s yuan has produced a bearish reading for a record 51 days, showing the limits of Beijing’s efforts to support its sinking currency.