(Reuters) – Country Garden, once China’s top property developer by sales, posted on Tuesday a net loss of 12.84 billion yuan ($1.75 billion) for the first half of 2024, as conditions deteriorated amid a prolonged sector-wide slump. The loss followed a full-year net loss of 178.40 billion yuan for 2023, the company said in a …
Country Garden posts losses in overdue FY 2023, H1 2024 results Read More »
By Pratima Desai LONDON (Reuters) – The London Metal Exchange (LME) is concluding its process for approving Hong Kong as a location for its global metals warehousing network, which the exchange considers to be a gateway to mainland China. Approving warehouses in China, the world’s largest consumer of industrial metals, to store metal traded on …
LME on last lap to approve Hong Kong as location for metal storage Read More »
(Reuters) – Malaysia’s Yinson Holdings said on Tuesday said that it has secured a $1 billion funding round for its unit that makes equipment for the oil and gas industry. The proceeds come ahead of the unit Yinson Production’s initial public offering, and include investments in redeemable convertible preferred shares from the Abu Dhabi Investment …
TOKYO (Reuters) – Japanese trading house Mitsubishi Corp has decided to stop domestic metal trading activity in China after suspected fraud by a copper trader led to a loss of 13.8 billion yen ($87.5 million), a spokesperson said on Tuesday. Mitsubishi booked the loss from its Chinese trading operations in the quarter from July to …
Mitsubishi halts metal trading in China after suspected copper fraud Read More »
(Reuters) -German truckmakers Daimler Truck and Traton reported on Tuesday declining 2024 sales mainly due to tepid demand in Europe, in particular in their home country Germany. The world’s biggest truckmaker, Daimler Truck, reported a 12% annual sales drop to 460,409 units sold, also weighed down by a sharp decline in sales in Asia, which …
German truckmakers report drop in 2024 sales on weak European demand Read More »
(Reuters) – Japanese investors net sold foreign stocks and bonds for a third straight month in December, wary of rising U.S. bond yields, while some also booked profits amid sharp fluctuations in the yen. The investors sold overseas equities worth a net 310.7 billion yen ($1.97 billion) following net disposals of 1.22 trillion yen, a …
Japanese investors exit foreign assets for third straight month in Dec Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -Emerging market countries and companies have issued a flood of bonds so far this year topping $55 billion, the most in years, as borrowers rush to lock in cash before the potential tumult of the second Donald Trump administration in the United States. Saudi Arabia sold a …
EM bond sales top $50 billion in cash dash to beat Trump, and Fed, surprises Read More »
BEIJING/SHANGHAI (Reuters) – Investments in governments bonds are not risk-free, a Chinese central bank official said on Tuesday, warning of a potential market bubble and resulting turbulence if bond yields departed from economic fundamentals. Fast falling Chinese bond yields have been complicating Beijing’s efforts to stabilise a weakening yuan and the People’s Bank of China …
Chinese central banker warns of government bond risks as yields slide Read More »
By Francesco Guarascio and Thinh Nguyen HANOI (Reuters) -Vietnam and Russia signed an agreement on nuclear energy and several cooperation deals on Tuesday during a visit to Hanoi by Russian Prime Minister Mikhail Mishustin. Vietnam aims to restart its nuclear energy programme having suspended it for years, as it needs to boost power generation to …
Vietnam signs nuclear cooperation deal with Russia’s Rosatom Read More »
SHANGHAI (Reuters) – Investors are dialling back bets on near-term rate cuts in China, the derivatives market shows, as expectations grow that policymakers will refrain from easing policy when the yuan is weakening. Yuan interest rate swaps (IRS), which domestic investors use to hedge as well as express their views on rates, have been inverted …
Inverted swaps curve shows investors pare China rate cut bets Read More »
