Meituan’s Revenue Beats Estimates in China Spending Revival
Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.
2023-05-25 17:46
Germany falls into recession as inflation hits economy
Rising prices have dampened demand from households and businesses in Europe's largest economy.
2023-05-25 17:19
Wanda in Talks to Refinance $275 Million Private Debt Facility
Chinese conglomerate Dalian Wanda Group Co. is in discussions with lenders to refinance a $275 million private debt
2023-05-25 17:19
Europe’s Banks Say They’re Back. So Why Doesn’t Anyone Buy Their Shares?
PacWest Bancorp lost $1 billion in one quarter, saw its stock drop 89% in two months, and has
2023-05-25 17:17
Germany falls into recession as consumers in Europe's biggest economy spend less
Germany has slipped into recession as last year's energy price shock takes its toll on consumer spending.
2023-05-25 15:54
Argentina Seeks Bigger China Swap Line to Curb Peso Selloff
Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks
2023-05-25 12:19
Silicon Valley Bank: 500 jobs cut by new owner First Citizens
The move comes two months after SVB's collapse triggered fears of a banking crisis.
2023-05-25 11:18
GM CEO Mary Barra Visits China, Meets Shanghai Party Chief
General Motors Co. Chief Executive Officer Mary Barra has made her first visit to China since the pandemic,
2023-05-25 10:58
Bank of Korea Holds Rate, Lowers Growth View as Risks Mount
The Bank of Korea left its policy rate unchanged for a third straight meeting and lowered its growth
2023-05-25 10:56
AI Frenzy Helps Asia Tech Exporters’ Shares Beat US Growth Woes
Investors are snapping up shares of Asia’s technology hardware exporters, bolstered by interest in artificial intelligence and signs
2023-05-25 09:24
Metals Markets Face Grueling Summer as Chinese Demand Falters
Big conferences often crystalize the prevailing sentiment in markets. So it’s probably no coincidence that copper has dived
2023-05-25 08:56
PwC Scrutiny Builds in Australia After Police Probe Sought
Australian government officials will be asked in a parliamentary hearing Thursday to provide more details on their pursuit
2023-05-25 08:46