China to Shift $139 Billion of Troubled LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
2023-08-11 11:58
Country Garden’s Losses Fan Worst Fears on China Property Market
Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese
2023-08-11 11:54
China’s Once-Top Builder Turns Into Penny Stock Amid Debt Woes
Country Garden Holdings Co., formerly China’s largest developer by sales, has become a Hong Kong penny stock amid
2023-08-11 10:29
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 09:24
Ares-Led Group Provides $521 Million Loan for InvoCare Buyout
TPG Inc. has lined up a group of private credit funds led by Ares Management Corp. to help
2023-08-11 09:22
Philippine Central Bank Head Cautions Against Quick Policy Pivot
Philippine central bank Governor Eli Remolona warned against “sudden reversals” of monetary policy when asked about the possibility
2023-08-11 09:21
Blackstone-Backed Solar Company Esdec Seeks US IPO at $5 Billion Value
Esdec Solar Group is seeking an initial public offering in New York that would value the Blackstone Inc.-backed
2023-08-11 08:54
RBA’s Lowe Keeps Door Open to Further Hike, Eyes Services Prices
Australia’s central bank is keeping its options open on further policy tightening as it studies which way services
2023-08-11 08:19
Thousands of Tiny Hedge Funds Face Closure in China Shakeup
China’s 6 trillion yuan ($832 billion) hedge fund industry is bracing for a historic shakeup that will likely
2023-08-11 08:15
Asia Stocks Set for Mixed Open After Tame US Data: Markets Wrap
Stocks in Asia were headed for a mixed open amid bets that Federal Reserve policy will remain tight
2023-08-11 06:59
NYC Faces Budget Gaps of $40 Billion Through 2027, DiNapoli Says
New York City could face a cumulative budget gap of $40 billion over the next four years thanks
2023-08-11 06:22
Mexico Keeps Key Rate Steady at 11.25% for Third Meeting as Prices Slow
Mexico kept borrowing costs unchanged for a third straight meeting, after pledging to maintain its current stance long
2023-08-11 03:15