Chinese property developer Shimao Group Holdings Ltd. narrowly avoided a domestic bond default just days after failing tor epay a $1 billion dollar note. Meanwhile, A China Huarong Asset Management Co. perpetual dollar bond is set for its biggest drop since the company spooked investors about its financial health last year. Rebecca Choong Wilkins reports on Bloomberg Television.
Indian Railways has completed over 50% work on the Anji Khad Bridge under the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project. The Union Ministry of Railways posted several pictures of the under-construction bridge while sharing the progress report on Twitter. “Overcoming the daunting geographical conditions, the construction is going on in full swing,” the ministry said in […]
Indian benchmark indices were trading higher amid positive cues from global markets. The BSE Sensex rose 300 points to 54,527, and the NSE Nifty 50 gained 90 points to 16,222. The broader markets were also in the positive zone with the BSE MidCap and SmallCap indices inching up to 0.3 per cent higher. Sectorally, Nifty […]
Sunil Koul, Asia Pacific equity strategist at Goldman Sachs, discusses the outlook for the region’s economies, stock markets, and the opportunities he sees. China’s Ministry of Finance is considering allowing local governments to sell 1.5 trillion yuan ($220 billion) of special bonds in the second half of this year, an unprecedented acceleration of infrastructure funding […]
TOKYO — Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high. Read More
Sydney, July 08, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Read More
With Russia’s military action in Ukraine in its fifth month, Russian President Vladimir Putin on Thursday warned Kyiv that it should quickly accept Moscow’s terms or brace for the worst, adding ominously that Russia has barely started its action. Speaking at a meeting with leaders of the Kremlin-controlled parliament, Putin accused Western allies of fuelling […]
TOKYO — Japanese government bond (JGB) yields rose on Friday as Japan’s former prime minister Shinzo Abe was shot while campaigning in the city of Nara, with reports saying Abe appeared to be in a state of cardiac arrest when airlifted to hospital. Read More
TOKYO — Japanese former Prime Minister Shinzo Abe was shot on Friday while campaigning for a parliamentary election, with public broadcaster NHK saying a man armed with an apparently homemade gun opened fired at him from behind. Read More
Shell expects its refining profits to jump by as much as $1.2 billion this quarter as it benefits from record high fuel prices. The oil and gas giant said indicative gross profit margins for its global fuel refining business had almost trebled to $28 per barrel in the second quarter, from just over $10 a […]