China’s slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline as the property crisis worsens and the economy slows.
China has made a number of pledges recently to revive the economy’s recovery and improve the business environment as concerns about the growth outlook continue to mount.
China is stepping up its efforts to revive the economy’s recovery and improve the business environment as concerns about the growth outlook continue to mount.
Country Garden Holdings Co., teetering on the brink of default, will be the center of attention during a busy reporting week for Chinese property developers and banks as Asia’s earnings season approaches its final leg.
The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena.
Two Sigma Investments LP is tapping investors for more cash after posting a record monthly gain for its flagship onshore China fund in July as rallies in commodities bolstered performance and left it near the top of returns rankings for this year.
When Asia’s richest man Mukesh Ambani addresses shareholders on Monday, investors expect the billionaire to divulge more details on initial public offering plans for its retail and telecom units.
A Tower Capital Asia-led consortium is considering selling its consumer health-care company Eu Yan Sang International Ltd., according to people with knowledge of the matter.
Sinopec’s first-half profits shrank amid lower oil prices and fuel demand being weighed down by China’s sluggish economic recovery.
AI chipmaker Nvidia Corp.’s better-than expected earnings may be the catalyst the tech-reliant Korean won is looking for.
