Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step down
By Roushni Nair and Melanie Burton (Reuters) -Australia's Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with
2023-08-28 11:28
China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors
China’s slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline
2023-08-28 11:16
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
US Commerce Secretary Raimondo pledges to be 'practical' in working with China
US Commerce Secretary Gina Raimondo says she is visiting Beijing "with the spirit of being practical and finding concrete opportunities" to advance mutual interests at her Monday meeting with Chinese Commerce Minister Wang Wentao.
2023-08-28 10:45
Stake Sale, IPO Plans in Focus for Ambani’s Annual Speech
When Asia’s richest man Mukesh Ambani addresses shareholders on Monday, investors expect the billionaire to divulge more details
2023-08-28 10:22
Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families,
2023-08-28 09:59
China says its ban on Japanese seafood is about safety. Is it really?
In the busy streets of Hong Kong's Central district the lunchtime queues snake around the swanky Japanese restaurants where high-end sushi can sell at $150 a pop just for a tasting menu.
2023-08-28 09:58
Dollar soft as investors digest 'higher for longer' path
By Ankur Banerjee SINGAPORE The dollar eased from a 12-week peak on Monday as traders weighed the U.S.
2023-08-28 09:49
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