SHANGHAI (Reuters) – Chinese developer Sunshine 100 China Holdings Ltd said on Monday it had defaulted on a $170 million dollar bond due to liquidity issues. The announcement comes days after bigger rival China Evergrande Group said there was no guarantee it would have enough funds to meet debt repayments. It shows some developers continue …
Chinese developer Sunshine 100 defaults on $170 million bond Read More »
TOKYO (Reuters) -Kirin Holdings’ is seeking international arbitration at the Singapore International Arbitration Centre regarding the dissolution of its joint venture with a Myanmar military-linked company, the company said on Monday. “In line with our firm commitment to the termination of the join-venture partnership, Kirin Holdings has decided to file for arbitration … in order …
Kirin seeking arbitration to end venture linked to Myanmar military Read More »
By Scott Murdoch and Sayantani Ghosh HONG KONG/SINGAPORE (Reuters) -Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers said. Chinese listings in the United States have fallen sharply …
Didi’s New York exit a further blow to Chinese listings in U.S. Read More »
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -India’s household goods salesmen have threatened to disrupt supplies to mom-and-pop stores if consumer companies provide products at lower prices to Reliance Industries, according to a letter seen by Reuters. Reuters reported last month https://reut.rs/3FAVZKK Indian salesmen representing companies such as Reckitt Benckiser, Unilever and Colgate-Palmolive …
Indian salesmen threaten supply disruptions in protest against Reliance Read More »
SYDNEY (Reuters) – Australian job advertisements surged in November as the lifting of coronavirus lockdown measures saw demand for labour spike in Sydney and Melbourne, auguring well for a rapid recovery in the economy. Monday’s figures from Australia and New Zealand Banking Group Ltd showed total job ads climbed 7.4% in November from October, when …
(Reuters) -Australia’s top construction materials maker Boral Ltd said on Monday it would sell its North American fly ash business for $755 million, marking its exit from the market as it looks to focus on its domestic business. The sale to Eco Material Technologies, which is backed by private equity firms One Equity Partners and …
Australia’s Boral exits U.S. with $755 million fly ash business sale Read More »
By Dominique Patton BEIJING (Reuters) – As China prepares to open its $120 billion corn market to genetically modified (GM) seed, little-known Dabeinong Biotechnology hopes to reap the benefits of early biotech investments and a law keeping foreign firms on the sidelines. The long-anticipated commercialization of GM corn in the world’s No. 2 producer is …
Beijing biotech firm banks on GM corn in race to be China’s Monsanto Read More »
TOKYO (Reuters) – The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record $490 billion stimulus package, public broadcaster NHK reported on Monday. In a mid-year review in July, the government projected real gross domestic product (GDP) growth of about 2.2% for the …
Japan government considering lifting FY2022 economic growth forecast -NHK Read More »
MUMBAI (Reuters) -India’s tally of reported cases of the heavily mutated Omicron variant of the coronavirus rose to 12 on Sunday after the state of Maharashtra said it had detected seven new cases. Local media also said a new case had been reported in New Delhi. India expects Omicron, which scientists say appears to be …
India detects seven more Omicron cases, making 12 in all Read More »
BEIJING (Reuters) – China will help leading futures companies to speed up their development and encourage qualified firms to be listed, the China Futures Association said in a statement, citing an official from the securities regulator. Authorities would support futures companies to widen and diversify their financing channels and allow them to compete with overseas …
China will encourage listing of leading futures firms, to issue futures law Read More »
