Business

HONG KONG – China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. The People’s Bank of China (PBOC) pumped 120…
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BERLIN – Europe’s largest airline group Lufthansa, hit hard by the coronavirus pandemic, said Sunday (Sept 19) it would seek to raise more than two billion euros with a capital increase. The German company said its executive board…
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NEW YORK – US stocks ended sharply lower in a broad sell-off on Friday (Sept 17), ending a week buffeted by strong economic data, corporate tax hike worries, the Delta Covid-19 variant, and possible shifts in the US Federal Reserve’s…
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HONG KONG – The Stock Exchange of Hong Kong, on Friday, proposed changing its rules to allow special purpose acquisition companies (Spacs) to list, a bid to tap the frenzy for such investment vehicles in the United States earlier this…
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HONG KONG – China Evergrande Group’s main unit, Hengda Real Estate Group  applied on Thursday (Sept 16) to suspend trading of its onshore corporate bonds following a downgrade, as the country’s No.2 property developer wrestles with a…
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SINGAPORE – DBS Private Bank on Thursday (Sept 16) said its client assets under management (AUM) for its in-house managed investment products has more than doubled to $10 billion over the past year. The demand surge reflects “buoyant…
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BEIJING – Chinese authorities have told major lenders to China Evergrande Group not to expect interest payments due next week on bank loans, according to people familiar with the matter, taking the cash-strapped developer a step closer to…
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SEOUL – South Korean unemployment unexpectedly dropped to a record low last month as restrictions to combat the nation’s worst Covid-19 outbreak prevented job seekers from searching for work. The jobless rate tumbled to 2.8 per cent from…
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NEW YORK – US shares reversed course after an early bout of enthusiasm, closing sharply lower on Tuesday (Sept 14) despite data indicating inflation pressures are easing. After breaking a five-day losing streak Monday, the Dow Jones…
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HONG KONG – Heytea, the Chinese bubble tea maker, has tapped UBS Group for its potential Hong Kong initial public offering (IPO) as soon as next year, according to people familiar with the matter. The company, which is famous for its…
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