BEIJING (Reuters) – China’s property sector will remain weak but will see a gradual recovery in 2023, economists said in a Reuters poll, expecting further stimulus measures and looser COVID-19 curbs to support the crisis-stricken sector next year. New home prices are expected to fall in the first half of next year before rising for …
China’s property prices to rise in 2023, sales to fall more slowly Read More »
HONG KONG (Reuters) -Moody’s Corp is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people with knowledge of the matter said on Friday. The U.S.-headquartered credit rating firm started winding down the business, Moody’s Analytics, in China this week, the people said …
Moody’s closing its consulting business in China, cutting staff -sources Read More »
By Harry Robertson LONDON (Reuters) -Inflows into global equity funds hit their highest level in 35 weeks in the week to Wednesday, according to a report from Bank of America (BofA), as investor optimism brightened. Investors poured a net $22.9 billion into equities, BofA said, citing EPFR data, and $4.2 billion into bonds. They pulled …
Inflows into global equities hit 35-week high, BofA says Read More »
By Siyi Liu and Mai Nguyen BEIJING/HANOI (Reuters) – Global miners and Chinese smelters could set higher annual treatment and refining charges (TC/RCs) in 2023 as rising copper concentrate supply is expected to outpace smelting capacity growth. The TC/RCs benchmark, referenced in supply contracts globally, is usually taken from the first settlement between a major …
Copper treatment charges for Chinese market seen rising in 2023 Read More »
By Amanda Cooper LONDON (Reuters) – The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following …
Dollar heads for weekly gain as Fed pushes back on pivot Read More »
By Georgina Lee HONG KONG (Reuters) – A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector. Genesis Block, which at one time operated one of Asia’s biggest bitcoin …
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the central bank shrugs off as it sticks to a policy of ultra-low interest rates. The nationwide core consumer price index (CPI) was up 3.6% on a year earlier, …
Japan’s inflation hits 40-year high as BOJ sticks to easy policy Read More »
By Clare Jim HONG KONG (Reuters) – Kaisa Group has delayed talks with offshore creditors on debt restructuring terms as the executive now leading the negotiations at the Chinese developer prefers to wait for uncertainty in the property sector to ebb, four sources said. The second-largest U.S. dollar bond issuer among Chinese developers after China …
Exclusive-Kaisa delays offshore debt revamp talks on uncertain sector outlook -sources Read More »
BEIJING (Reuters) -China still needs to improve its capability in macro-financial management to guard against systemic risks as the financial industry continues to open up to the world, an official at China’s banking and insurance authority said on Friday. “Financial innovation has greatly changed the risk patterns and security boundaries of the industry,” Liu Fushou, …
China needs to improve macro-financial management to guard against risks Read More »
SHANGHAI (Reuters) – China’s electric vehicle (EV) startup Voyah said on Friday it had raised nearly 5 billion yuan ($701.50 million) in the latest A-series fundraising round, which valued the firm at nearly 30 billion yuan. Ten investors, including Mixed Reform Fund, the investment units of China’s major commercial banks, battery maker Sunwoda Electronic Co …
China’s EV startup Voyah raises funds at $4.21 billion valuation Read More »
