Orsted Drops US Wind Projects, Taking $4 Billion Impairment Hit
Orsted A/S dropped the development of two US wind projects, recording impairment charges significantly above its previous predictions
2023-11-01 15:26
Evergrande Said to Have Proposed New Debt Plan, Reuters Says
China Evergrande Group has proposed a new debt restructuring plan for offshore bondholders, Reuters reported, citing two people
2023-11-01 15:23
Saudi Arabia’s Tabby Valued at $1.5 Billion in Pre-IPO Fundraise
Saudi Arabia-based Tabby raised $200 million in a funding round that values the buy-now-pay-later firm at over $1.5
2023-11-01 14:54
Chongqing LGFV Is Said to Mull Possible Tender for Dollar Notes
Representatives of a local-government financing vehicle in China have told some creditors the firm may launch a dollar
2023-11-01 14:27
Bank of Japan Steps Into Bond Market to Slow Rising Yields
The Bank of Japan announced an unscheduled bond-purchase operation on Wednesday in an effort to curb the pace
2023-11-01 13:20
El Niño Is Biggest Wildcard for World’s Most Consumed Edible Oil
Cooking oil traders are meticulously sifting through weather maps and production data for Indonesia in a quest for
2023-11-01 11:26
Asia Factories Grapple With High Costs Amid Israel-Hamas War
Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher,
2023-11-01 11:21
Prada Sales Slow Despite Strong Miu Miu Label Performance
Prada SpA’s sales slowed as the Italian fashion company experiences a cutback in luxury demand that other competitors
2023-11-01 10:59
South Korean Exports Return to Growth in Boost to Outlook
South Korea’s exports rose for the first time since late last year in a positive sign for the
2023-11-01 10:53
China’s Manufacturing Activity Contracts, Private Survey Shows
China’s manufacturing activity contracted in October, according to a private survey, signaling that the economic recovery is losing
2023-11-01 10:50
China’s Central Bank Drains Liquidity After Overnight Rate Surge
China’s central bank withdrew cash from the financial system, suggesting it sees Tuesday’s abrupt surge in short-term borrowing
2023-11-01 10:26
Moutai Shares Jump After First Price Increase in Six Years
Kweichow Moutai Co. will increase prices for its signature drinks for the first time in six years as
2023-11-01 10:26