(Reuters) – Singapore-based Sea Ltd has laid off more than 7,000 employees, or around 10% of its workforce, over the past six months, the Information reported on Monday, citing two people with knowledge of the matter. This comes at a time when most companies are making deep cuts to its employee base as part of …
Sea Ltd laid off 10% of workforce over past six months – The Information Read More »
By Clare Jim HONG KONG (Reuters) – Chinese property stocks and bonds rose sharply on Monday after news of further support measures from Beijing to boost liquidity in the sector, hailed by one analyst as a “soaking rain after a long drought”. Here’s a look at the main measures implemented to shore up the Chinese …
Factbox-Key regulatory measures to stabilise China’s embattled property sector Read More »
By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – Battery maker Sunwoda Electronics Co’s debut on the Swiss stock exchange on Monday shines a light on how Chinese firms are tapping global markets outside the United States, as geopolitical tensions make it tougher to raise capital there. Though the deals pale in size in …
Chinese firms embrace Swiss listings as deal pipeline swells Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turnaround by end of 2023 if budget policies, which are not limited to the International Monetary Fund’s recommendations, are followed, President Ranil Wickremesinghe said in the budget speech on Monday. IMF recommendations have only been looked at to stabilise the economy, Wickremesinghe, who is …
Sri Lanka announces budget aimed at clinching IMF deal, sees recovery by end-2023 Read More »
TOKYO (Reuters) – State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) said on Monday it has been renamed Japan Organization for Metals and Energy Security and will provide equity investment to back the production and storage of hydrogen and ammonia. The change for the organization in charge of providing financial support for the exploration …
Japan’s JOGMEC renamed in shift to national decarbonisation role Read More »
BEIJING (Reuters) -China will extend loan repayment dates for small firms hit by COVID-19 and encourage financing institutions with government guarantees to continue offering credit support to those firms, according to a notice published by the central bank on Monday. The move came when small businesses, the mainstay of China’s economy and a major source …
China further extends loan repayment for small firms hit by COVID Read More »
NUSA DUA, INDONESIA (Reuters) -The chief executive of dominant cryptocurrency exchange Binance called for new but stable and clear regulations for the industry in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Changpeng Zhao told a gathering of …
Binance CEO says crypto industry needs clarity of regulations Read More »
By Ankur Banerjee and Vidya Ranganathan SINGAPORE (Reuters) – Singapore-based crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks. Chief executive Kris Marszalek took questions in a livestreaming YouTube address, and also said …
Crypto.com says balance sheet strong, exchange not in trouble Read More »
By Clare Jim and Xie Yu HONG KONG (Reuters) -Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the sector in its latest attempt to stabilise a key pillar for the world’s second-largest economy. The package, which sources say lays out multiple …
China’s ‘most comprehensive’ rescue package for property sector lifts stocks, bonds Read More »
SHANGHAI (Reuters) – China’s central bank is likely to fully roll over maturing medium-term policy loans while keeping the borrowing cost unchanged for the third straight month this week, a Reuters survey showed. Worsening COVID-19 outbreaks across the country in recent weeks and weak demand from both home and abroad have weighed on the world’s …
China seen leaving medium-term policy rate unchanged, fully roll over maturing loans Read More »
