Reuters Asia Business

(Reuters) – Rating agencies Fitch and S&P Global downgraded property developer China Vanke on Monday, as the company sinks further into a liquidity crunch within a struggling property sector in China. Both rating agencies slashed Vanke’s ratings by two notches to ‘B-‘ from ‘B+’, citing the company’s eroding financial flexibility and an uncertain sales outlook …

Ratings agencies downgrade China Vanke on deepening property sector woes Read More »

BRUSSELS (Reuters) -The European Commission filed a complaint at the World Trade Organization on Monday against what it said was China’s “unfair and illegal” practice of setting worldwide royalty rates for EU standard essential patents without the patent owner’s consent. The Commission, which oversees the trade policy of the 27-nation European Union, said China had …

EU takes China to WTO over high-tech patent royalties Read More »

(Corrects “will be” in paragraph 5 to “has been”; Corrects “next week” in paragraph 9 to “this week”) JAKARTA (Reuters) – China’s top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm’s ambition to …

China’s BYD to complete $1 billion Indonesia plant by year-end, executive says Read More »

(Reuters) -The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems. According to the reports, the automatic emergency braking system in these vehicles was triggering inadvertently, which increases the …

US upgrades probe into emergency braking issues in certain Honda vehicles Read More »

By Nell Mackenzie and Tom Westbrook LONDON/SINGAPORE (Reuters) -The dollar drifted lower and global stocks were cautiously positive on Monday as investors awaited a flurry of policy announcements during the first hours of Donald Trump’s second presidency and eyed a rate hike in Japan at the end of the week. Trump takes the oath of …

Dollar dips, stocks creep higher as second Trump term dawns Read More »

By Clare Jim HONG KONG (Reuters) -China’s Country Garden expects to reach terms with creditors next month regarding the restructuring of $16.4 billion in offshore debt, and apply for court approval of the terms in April, its lawyer told a Hong Kong court on Monday. The property developer was granted an adjournment until May 26 …

Country Garden expects to reach terms with creditors in February, lawyer tells court Read More »

By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Chinese hedge fund managers are racing to launch products styled on Bridgewater Associates’ popular “All Weather” strategy, to meet hot investor demand for a cushion against expected volatility during Donald Trump’s second U.S. presidency. Bridgewater founder Ray Dalio’s “All Weather” is a volatility-mitigating, multi-asset strategy that …

Chinese investors pile into Bridgewater-style funds, eyeing Trump return Read More »