Bloomberg Business

Nomura Holdings Inc. lowered this year’s growth forecast for China to 4.6% after weaker-than-expected data in July and an ongoing “downward spiral” in the economy.

Chinese authorities encouraged companies listed on the Shanghai science and technology board to buy back their shares this week, people familiar with the matter said, another sign that China is taking steps to shore up market confidence.

Japanese insurance giants are shifting more of their $2.6 trillion in investment money to private credit, giving a further boost to the growing asset class.

Consumer-related stocks and producers of building materials are among the many winners from Indonesia’s 3,304.1 trillion rupiah ($216 billion) spending budget for the next year, according to analysts.

Intesa Sanpaolo SpA, Italy’s biggest lender, may consider smaller-scale acquisitions in European regions where it operates and in key Mediterranean rim countries to strengthen some of its core activities.

A light aircraft crashed on a highway in Malaysia’s Selangor state on Thursday afternoon, with up to 10 people feared dead.

Saint Bella, a Chinese maternity care company that partners with upscale hotels to provide women with luxurious spaces to recuperate in after giving birth, is considering an initial public offering in Hong Kong as early as next year, according to people with knowledge of the matter.

Corporate bonds globally are on track for one of their worst weeks this year, hit by China’s escalating property crisis and rising defaults in the US as the Federal Reserve stays the course on interest rate hikes.

India needs to adopt a sound policy on how to store perishables to shield the economy from repeated food price shocks, researchers in the country’s central bank said.

Singapore will head for its first contested presidential election in over a decade in an exercise seen to weigh public sentiment at a time when the city-state had been rocked by controversies.