China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge
Evergrande Group, the world's most indebted real state developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of "the short boom of the property market" earlier this year.
2023-08-28 10:56
BYD’s iPad-Making Arm Pays $2.2 Billion for Jabil China Unit
The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for
2023-08-28 10:55
Thailand's employment growth drops in Q2 as economy slows
BANGKOK Thailand's employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase
2023-08-28 10:47
Didi Sells Smart Car Arm to China’s Xpeng for $744 Million
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion
2023-08-28 09:29
Oil Edges Higher as China Stimulus Moves Offset Demand Concern
Oil rose for a third day after China announced measures to boost its stock and property markets, helping
2023-08-28 09:28
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting
2023-08-28 08:46
Flagging Growth Fuels Tensions Clouding Vietnam Premier’s Future
While disagreements are common between elected leaders and central bankers, they’re unusual in one-party, Communist-run nations. When they
2023-08-28 08:24
Hyundai Faces New Pressure Campaign from Southern Labor Groups
Hyundai Motor Co. is facing a pressure campaign from a coalition of labor groups and civil rights groups
2023-08-28 07:52
Telstra Chairman Mullen to retire after 15 years
Australia's Telstra said on Monday that its chairman John Mullen would retire at the conclusion of this year’s
2023-08-28 07:23
Asia Stocks Set for Small Gains; Currencies Steady: Markets Wrap
Asian stocks look poised to follow US equities with modest gains Monday after Jerome Powell said the Federal
2023-08-28 07:18
At Jackson Hole, Post-Inflation Challenges Vex Central Bankers
The world’s top central bankers stressed the need to keep interest rates high until inflation is contained —
2023-08-28 04:50
Fed Watchers Seek Clues, Raimondo in China: Sunday US Briefing
Here we are, in the waning days of summer and a month marked by wildfires, mug shots, a
2023-08-28 02:59