(Reuters) – China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a …
China Evergrande’s unit receives liquidation order from Hong Kong court Read More »
By David Shepardson WASHINGTON (Reuters) – The lawyer for TikTok and its Chinese parent company ByteDance offered a warning during Supreme Court arguments over a law that would compel the sale of the short-video app or ban it in the United States: If Congress could do this to TikTok, it could come after other companies, …
TikTok warns of broader consequences if US Supreme Court allows ban Read More »
(Reuters) – A Macau-based individual has become the second-biggest shareholder in casino operator Star Entertainment by building a stake of more than 5.5% in the embattled Australian company, a stock exchange filing showed on Monday. Xingchun Wang, based in the world’s biggest gambling hub of Macau, has bought nearly 158.3 million Star shares between September …
Macau-based investor is second-biggest holder of struggling Star Entertainment Read More »
HONG KONG (Reuters) – Sunac China has now won the support of holders of nine of its ten onshore bonds to implement a restructuring that would cut its 15.4 billion yuan ($2.11 billion) onshore debt by more than half, said a source with direct knowledge of the matter. Progress by the Beijing-based developer towards a …
KUALA LUMPUR (Reuters) -Malaysia has imposed provisional anti-dumping duties on some exports of flat-rolled iron products or non-alloy steel from China, India, Japan and South Korea, the trade ministry said. The duties, which take effect from Jan. 11 and initially run for up to 120 days on products with a width of more than 600 …
Malaysia clamps anti-dumping duties on iron, steel from four nations Read More »
HANOI (Reuters) – Vietnam’s gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with inflation expected to ease to 3.0% in 2025 from 3.6% in 2024, HSBC said on Monday. It warned that the tariff policies from the incoming U.S. administration remains risks for trade-reliant Vietnam. “There remains a …
HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0% Read More »
SHANGHAI/HONG KONG (Reuters) -China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve capital flows by allowing companies to borrow more overseas. A dominant dollar, sliding Chinese bond yields and the threat of higher trade barriers when Donald …
China flags more policy measures to bolster yuan Read More »
(Reuters) – Singapore’s sovereign wealth fund GIC’s chief investment officer Jeffrey Jaensubhakij will resign after three decades with the firm, Bloomberg News reported on Monday, citing unnamed people familiar with the matter. Jaensubhakij, who took up the role of CIO in 2017, is expected to be succeeded by deputy group CIO Bryan Yeo in April, …
Singapore sovereign wealth fund GIC’s CIO to resign, Bloomberg News reports Read More »
BEIJING (Reuters) – China’s vehicle exports are expected to grow 5.8% to 6.2 million units this year, cooling from a 19.3% increase in 2024, data from the China Association of Automobile Manufacturers (CAAM) showed on Monday. A slowdown in estimated exports contrasts with a slight uptick forecast for vehicle sales in China this year, as …
China vehicle export growth to slow in 2025, association data shows Read More »
BANGKOK (Reuters) – Thailand’s cabinet has approved a draft trade agreement with the four-nation European Free Trade Association, which will be signed next week, Thai Prime Minister Paetongtarn Shinawatra said on Monday. Thailand will sign the agreement in Davos with the EFTA, which includes Iceland, Liechtenstein, Norway, and Switzerland, she said. (Reporting by Chayut Setboonsarng …
Thailand to sign agreement with European Free Trade Association next week, PM says Read More »
