SHANGHAI/HONG KONG (Reuters) -Chinese developer Shimao Group has defaulted on a loan after missing a 645 million yuan ($101 million) payment, the lender said in a letter seen by Reuters on Thursday, in the latest sign of distress in China’s property sector. China Credit Trust Co said in the letter, confirmed by two sources familiar …
Chinese developer Shimao defaults on trust loan – letter Read More »
KUALA LUMPUR (Reuters) – Malaysia’s top anti-graft official said on Thursday he will cooperate with the country’s securities regulator after it asked him for an explanation on the use of his share trading account. Azam Baki, the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), has faced calls to explain allegations that he owned millions …
GUANGZHOU, China (Reuters) -China’s dominant messaging app, Tencent Holdings’ Weixin, known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit 450 million in 2021. That represents a 13% increase from a year earlier, much slower than the 33% growth seen in 2020, according to previous figures …
Tencent’s WeChat mini program daily users in China hit 450 million Read More »
By Scott Murdoch HONG KONG (Reuters) – Hong Kong’s airport authority has raised $4 billion to fund its third runway development in a four-tranche U.S. dollar debt deal, according to an official statement, as the city grapples with flight bans and cancellations amid COVID-19 curbs. It raised $1 billion in a five-year green bond tranche, …
Hong Kong airport authority raises $4 billion in bond deal, sees strong demand Read More »
By Tom Wilson LONDON (Reuters) – Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped …
Crypto crime hit record $14 billion in 2021, research shows Read More »
LONDON (Reuters) – Uzbekistan has halted exports of natural gas in order to meet domestic energy needs, the Interfax agency reported on Thursday. The announcement comes as protests rage in neighbouring Kazakhstan, spurred initially by gas price hikes. “For now, exports of gas have been completely halted and all the volumes are being directed towards …
Uzbekistan temporarily suspends gas exports to cover domestic needs – ifx Read More »
By Scott Murdoch HONG KONG (Reuters) -Banks in Hong Kong including HSBC Holdings Plc and UBS Group AG are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases. HSBC, which is one …
HSBC, UBS order Hong Kong office changes as COVID cases rise Read More »
JAKARTA (Reuters) – Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount. The world’s biggest thermal coal exporter implemented the ban to avoid domestic power outages, triggering concerns for its …
Indonesia coal miners seek export ban exemptions as costs grow Read More »
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a five-year high to the yen on Thursday, supported by a surge in U.S. Treasury yields on rising bets for a Federal Reserve rate hike by March. The greenback stood at 116.115 yen, little changed from Wednesday, when it rallied back toward Tuesday’s high of …
Dollar near five-year high to yen as U.S. yields surge on hawkish Fed Read More »
BEIJING (Reuters) – China banking institutions saw their combined bad-loan ratio stand at 1.89% at end of November, the sector’s regulator said in Beijing on Thursday. The outstanding property loans by the end of November increased 8.4% compared to the same period last year, the regulator added. (Reporting by Cheng Leng, Zhang Yan and Ryan …
Chinese banks’ bad-loan ratio at 1.89% as of end-Nov, says regulator Read More »
