China’s property turmoil, increasing intervention in markets, and lackluster economic growth are combining to cloud the outlook for some of Australia’s largest investors that have been cutting allocations to Chinese assets.
GLP Pte has made about $7 billion worth of assets in China available for state-backed China Logistics Group Ltd. to choose from as due diligence for a potential deal continues, according to people familiar with the matter.
China’s economy isn’t as bad as the prevailing mood suggests and growth is moving in the right direction as consumer spending picks up, according to an official at the British Chamber of Commerce in China.
The House’s second-ranking Republican leader, Steve Scalise, has been diagnosed with a rare blood cancer and begun treatment that will last “several months,” he said in a statement on Tuesday.
Australia will hold a national vote in October to decide whether to incorporate into its constitution an advisory body to the parliament on matters affecting the nation’s Indigenous people.
Australia’s monthly inflation gauge eased more than expected, reflecting global trends and bolstering the case for the Reserve Bank to extend a pause in tightening at next week’s policy meeting.
Chinese steel prices are likely to drop through 2024 as demand growth weakens and excess capacity weighs on the market, according to Capital Economics Ltd.
The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism toward China’s economy weighs on the stock market.
The search for bodies in Lahaina has wrapped up three weeks after flames leveled the seaside Maui town, with no last-minute change to a death toll that ranks the disaster as the deadliest US wildfire in more than a century.
OpenAI is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence investment.
