China’s Kaisa Group halts trading amid property market jitters
The Chinese developer's woes come amid liquidity crisis at troubled property giant Evergrande
Category Archives: Economy
China fires back after Biden slams Xi’s COP26 no-show
'Actions speak louder than words,' says Chinese foreign ministry following US criticism
As Hong Kong sinks deeper into isolation, foreign firms despair
Business hub’s strict ‘zero COVID’ policy fuels questions about future of ‘Asia’s World City’.
Venezuela introduces new currency, drops six zeros
Venezuela has for years seen some of the world's worst inflation, complicating cash transactions amid economic crisis.
NASA plans two new missions to Venus, the first in decades
Two new missions called DAVINCI+ and VERITAS aim to shed light on key aspects of Earth's so-called 'sister planet.'
China fines Alibaba record $2.75bn for anti-monopoly violations
Penalty is equivalent to about 4 percent of Alibaba's revenues in 2019 and comes unprecedented regulatory crackdown.
Asia extends global stock recovery as bond markets stabilise
A halt in the recent bond market sell-off eased investor nerves even as concerns about Chinese demand weighed on oil.
Asian shares rally on optimism of global recovery
Bond markets stabilise after central banks across the world assured of economic policy support.
Egypt capitalises on bond boom with $3bn borrowing plan
Low borrowing costs, hopes of a vaccine-driven global economic rebound are emboldening investors to bet on risky assets.
Anti-trust crackdown: China issues new rules targeting tech firms
Rules are likely to pressure firms such as Alibaba, JD.com, Ant Group and Tencent which dominate e-commerce in China.
Indian insider: Regulator bans tycoon from market for one year
Regulator bans Kishore Biyani for alleged trade in shares of Future Retail ahead of the release of price-sensitive data.
Change in the air: US to restart review of big offshore wind farm
Move is part of Biden administration's plan to speed up development of renewable energy on federal lands and waters.
GameStop mania spreads as far as Malaysian glove makers
Malaysian online community creates buzz around local stocks that have been beaten down by large institutional investors.
Robinhood or ‘robbing the ‘hood’? Outrage at online broker grows
The online brokerage restricted trading in 'viral' stocks including GameStop, heightening anger among small-time traders.
India to impose permanent ban on dozens of Chinese apps: Reports
India's government imposed initial ban in June but now reportedly says it is 'not satisfied' with companies' responses.
Biden, Johnson talk, but did they discuss US-UK trade deal?
UK says leaders discussed 'benefits of a potential free-trade deal', but US statement makes no mention of one.
Tunisia: IMF urges deficit control even as protesters demand jobs
The international lender says the country must clearly stipulate measures to cut down its huge fiscal deficit.
Biden’s pick for US Treasury leaves door open to wealth tax hike
Janet Yellen also sees no immediate lifting of China tariffs, adds that polluters should pay for carbon emissions.
Brexit ‘opportunity’: Nissan to source more car batteries in UK
UK-EU trade deal avoids a 10% levy on cars as long as they meet a minimum level of locally sourced parts.
Green prize: Elon Musk to give $100m for carbon capture solution
Extracting carbon dioxide from the air is seen as an increasingly viable way of reducing a key driver of climate change.