By Kane Wu and Scott Murdoch HONG KONG (Reuters) -Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters. The deal launched on Monday for the company to sell 1.5 billion primary shares within a …
SenseTime launches Hong Kong IPO to raise up to $767 million -term sheet Read More »
HONG KONG (Reuters) – China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic. China Logistics Group aimed to become a “global supply chain organizer” by developing international trade links and freight services, as well …
China forms new state-owned China Logistics Group Read More »
SINGAPORE (Reuters) – Singapore’s central bank urged banks on Monday to keep their finances strong and resilient to “shocks”, in case of an abrupt rise in unemployment and business insolvencies due to the COVID-19 pandemic. Although the economic outlook had improved recently, there remained a risk of a further deterioration in the ability of individuals …
Singapore central bank urges prudence in bank finances amid pandemic recovery Read More »
BEIJING (Reuters) – China’s export growth probably lost some steam in November amid weakening demand and high cost pressures on exporters, while imports likely slowed slightly and concerns over the Omicron variant weighed on the outlook, a Reuters poll showed on Monday. Exports in November were expected to have risen 19.0% from a year earlier, …
China’s November exports growth likely lost steam: Reuters poll Read More »
TAIPEI (Reuters) – Taiwan’s exports likely rose for a 17th straight month in November, a Reuters poll showed, boosted by sustained demand for chips and technology, and ahead of the key end-of-year holiday shopping season. Taiwan, a global hub for chip production and a key supplier to Apple Inc, is one of Asia’s major exporters …
Taiwan Nov exports seen surging for 17th month in a row: Reuters poll Read More »
BEIJING (Reuters) – China’s state-backed Sinopec has received government approval to expand its liquefied natural gas (LNG) receiving terminal in the northern coastal city of Tianjin, a local-government backed media reported on Monday. The expansion project will drive annual LNG receiving capacity to 11.65 million tonnes from a current 10.8 million tonnes, and includes five …
Sinopec gets greenlight to expand Tianjin LNG terminal – media Read More »
BEIJING (Reuters) – A Chinese newspaper run by the State Council, or cabinet, warned the market against “simplistic” interpretations of monetary policy moves as easing expectations gathered steam, suggesting China is not about to unleash a huge wave of credit in panic. Expectations the central bank will ease policy have sharply risen after Premier Li …
China says market views of monetary policy moves too ‘simplistic’ Read More »
TOKYO (Reuters) – Japan’s Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, as well as advanced talks for a minority stake from Canada’s Brookfield, according to three people familiar with the matter. Toshiba’s decision to not pursue either course – some details of which have not been previously reported …
Toshiba walked away from potential buyout talks and Brookfield offer -sources Read More »
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 »
