A worsening crisis in China’s real estate sector is dragging industry shares to the lowest in almost five months, with home sales slumping further and setbacks spreading at the nation’s most indebted …
China property sector woes weigh on HSBC and StanChart
HSBC on Monday reported better-than-expected results for the first half of the year, but joins other major banks in the city in signaling a cautious outlook for China’s commercial real estate sector.
China is not going to bail out its property sector, despite investors’ wishful thinking
Investors are hoping China’s property crisis is finally dire enough for Beijing to step in with a relief package But policymakers have other priorities, like curbing speculation and containing …
Live news update: Property sales by biggest China developers post sharp drop in July
After reaching Turkey’s biggest city, it is expected to undergo checks at a joint monitoring centre staffed by Russian, Ukrainian, Turkish and UN officials. Another 16 ships are awaiting departure, …
China’s economic wobbles worsen as factory, property woes mount
China’s wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane, a slump in the property sector deepening and job cuts …
China’s property sector remains a drag on its economy, says Standard Chartered
Shuang Ding of the bank discusses how the government has started fine-tuning housing policies to boost demand.
Taiwan Dollar Slides as Growth, Geopolitical Risks Sap Sentiment
The Taiwan dollar slid past a key psychological level of 30 per US dollar for the first time since June 2020 as a double whammy of heightened geopolitical risks and weaker economic growth weigh on the …
Unit Of Chinese Property Giant Evergrande Ordered To Pay $1.1 Billion
A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing.
Pelosi Starts Asia Trip in Singapore With No Mention of Taiwan
US House Speaker Nancy Pelosi was set to hold meetings in Singapore on Monday as part of a swing through Asia, as questions swirled around whether she would defy Chinese warnings with a stop in Taiwan …
Taiwan Dollar Slides as Growth, Geopolitical Risks Sap Sentiment
The Taiwan dollar slid past a key psychological level of 30 per US dollar for the first time since June 2020 as a double whammy of heightened geopolitical risks and weaker economic growth weigh on the …