-- Embattled developer Country Garden Holdings (HK:2007), which is at the heart of a property market crisis China, received a winding-up petition in Hong Kong on Wednesday over its inability to repay some of its debts. Creditor Ever Credit Ltd filed the petition in the High Court of Hong Kong over the non-payment of a...
MALVERN, Pa. - Ecovyst Inc. (NYSE: ECVT), a global provider of advanced materials and specialty catalysts, announced the expansion of its Board of Directors from eight to nine members with the appointment of Sarah Lorance, effective March 1, 2024. Concurrently, the Board has nominated Don Althoff for election at the company\'s annual stockholders meeting on...
-- Most Asian stocks kept to a tight range on Wednesday amid persistent caution over higher-for-longer U.S. interest rates, with Japanese indexes pulling back from record highs as a tech-driven rally cooled. Regional markets took a middling lead-in from Wall Street, as caution ahead of key PCE price index data- the Federal Reserve’s preferred inflation...
-- Hong Kong-listed Chinese property stocks fell on Wednesday, coming under pressure from renewed concerns over a real estate meltdown after Country Garden (HK:2007) was slapped with a liquidation petition. The embattled developer was the worst performer among its peers, sliding 11% and further into penny stock territory after Ever Credit Ltd filed a liquidation...
TOKYO (Reuters) - Japan\'s Toyota Motor (NYSE:TM) said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from strong U.S. demand. Output for January increased to 740,332 vehicles, while worldwide sales rose about 11% from a year earlier as growth in...
By Phuong Nguyen and Yantoultra Ngui HANOI/SINGAPORE (Reuters) - China\'s CDH Investments is in advanced talks to buy a minority stake in Bach Hoa Xanh (BHX) from Vietnam retailer Mobile World in a deal that could value the grocery chain at up to $1.7 billion, two sources with direct knowledge said. CDH, one of China\'s...
-- South Korea’s KOSPI rose sharply and moved back towards near two-year highs on Wednesday, with support coming chiefly from chipmaker SK Hynix on growing hype over artificial intelligence. The KOSPI index rose 1.1%, vastly outperforming its Asian peers. SK Hynix Inc (KS:000660), which is the second-largest stock on the index by market capitalization, was...
-- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that the firm had completed production design on a long-planned update to its Tesla Roadster, and that the car was likely to ship starting next year. In a series of posts on the social media site X, which Musk also owns, he said that Tesla was...
By Scott Murdoch, Clare Jim and Xie Yu (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing\'s effort to restore confidence in the property sector. Country Garden said in a regulatory filing to...
By Xie Yu HONG KONG (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing\'s effort to restore confidence in the property sector. Country Garden said in a regulatory filing it would \"resolutely\" oppose...