By Scott Murdoch HONG KONG (Reuters) -Developer China Vanke Co Ltd’s property services arm has launched Hong Kong’s largest initial public offering (IPO) of 2022, aiming to raise up to $783.5 million in a deal that will be a key test for investor appetite. The subsidiary, Onewo Space-Tech Service, has set a price range of …
China Vanke unit Onewo to raise $783m in HK’s largest IPO of 2022 Read More »
TAIPEI (Reuters) – Taiwan’s export orders likely contracted for a second straight month in August, and at a similar pace from the previous month as global demand cools, a Reuters poll showed on Monday. The median forecast from a poll of 13 economists was for export orders to fall 2% from a year earlier. Forecasts …
Taiwan August export orders likely contract as demand eases – Reuters poll Read More »
LONDON (Reuters) – Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund bailout. Years of economic mismanagement combined with the COVID-19 pandemic have left Sri Lanka in its worst economic …
Sri Lanka to present debt restructuring, IMF bailout plans to creditors Read More »
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy. Floods have affected 33 million Pakistanis, inflicted billions of dollars in damage, and killed over 1,500 …
Pakistan will ‘absolutely not’ default on debts despite floods, finance minister says Read More »
ISLAMABAD (Reuters) – The International Monetary Fund will work with the international community to support Pakistan’s relief and reconstruction efforts following the catastrophic floods that have hit the country, the lender’s resident representative said on Sunday. “We will work with others in the international community to support, under the current program, the authorities’ relief and …
IMF to work with international community to support flood-hit Pakistan Read More »
ISLAMABAD (Reuters) – Pakistan’s central bank on Sunday said the Saudi Fund for Development has confirmed it will extend for one-year a $3 billion deposit currently placed in the bank’s accounts since 2021. The deposit was to mature on Dec. 5, but that has now been extended to next year, the State Bank of Pakistan …
Saudi Arabia confirms one-year extension of $3 billion deposit – Pakistan central bank Read More »
HONG KONG (Reuters) – Shanghai-based developer CIFI holdings said its China unit will start fundraising next week for a three-year note with a principal amount not exceeding 1.2 billion yuan ($172 million). The issuance, which is the second tranche following a 1 billion yuan debt offering in March, is fully guaranteed by China Bond Insurance …
(Reuters) – Swiss bank UBS is hiring a team of ‘content reviewers’ to make sure that Chinese research publications by its analysts are free from any “sensitivities”, the Financial Times reported on Saturday. A job advertisement posted by the bank in July for its global wealth management division said that the reviewers would have to …
UBS recruits ‘content reviewers’ to vet its Chinese publications -FT Read More »
(Reuters) – Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, …
TOKYO (Reuters) -Chubu Electric Power Co said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp. Toshiba, which is exploring going private and other options, has selected Bain Capital, CVC Capital Partners, Brookfield Asset Management and a consortium involving …
Chubu Electric joins all-Japan Toshiba buyout consortium Read More »
