Taiwan’s financial regulator is asking life insurance companies to urgently report on their current positions and assess risks stemming from growing turmoil in China’s financial markets, according to people familiar with the matter.
Hawaii Governor Josh Green said he would consider a temporary ban on sales of any properties damaged in the fire that leveled Lahaina last week, to ensure residents aren’t permanently displaced.
Chinese state media has largely avoided reporting about turmoil at one of the nation’s top private wealth managers, an episode that underscores concern about possible contagion risk in the world’s No. 2 economy.
China traders are rushing to the safest assets the market has to offer, as a surprise interest-rate cut failed to repair confidence damaged by ongoing economic weakness.
A potential default at developer giant Country Garden Holdings Co. has led to greater skepticism of the efficacy of China’s property policy help.
Luxury carmaker Mercedes-Benz Group AG is targeting Malaysia as one of the markets where it will have an all-electric lineup by 2030, after earlier this year becoming the first carmaker to launch a domestically assembled electric vehicle in the Southeast Asian nation.
Uganda’s central bank is set to hold its key interest rate for a fifth time in a row after the World Bank’s decision to halt new funding to the country for its passage of anti-LGBTQ legislation led the local currency to weaken and because of new inflationary pressures.
Prime Minister Narendra Modi promised more measures to rein in rising food prices just as retail inflation last month hit a 15-month high, signaling cost of living will be a major campaign issue in elections scheduled next year.
Singapore’s home sales rebounded last month to the highest level in more than a year, as buyers brushed aside rising interest rates and the government’s latest cooling measures.
Donald Trump was indicted Monday on criminal charges for the fourth time, but the sprawling case involving his efforts to overturn the 2020 election in Georgia is different in several significant ways.
