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...
By Makiko Yamazaki and Rae Wee TOKYO/SINGAPORE (Reuters) - A corporate governance makeover has helped fuel the revival of Japan\'s once-moribund stock market. Now investors want to see if the change is for real. The Nikkei index shattered its all-time high last week, topping a level not seen since the December 1989 asset bubble -...
(Reuters) - Tesla (NASDAQ:TSLA) will aim to ship its Roadster electric sports car next year, the electric vehicle maker\'s CEO Elon Musk said on Wednesday. \"Tonight, we radically increased the design goals for the new Tesla Roadster,\" Musk said in a post on X, adding that Roadster\'s production design will be completed and unveiled by...
By Lewis Jackson and Sameer Manekar (Reuters) -Australia\'s top oil and gas explorer Woodside (OTC:WOPEY) Energy posted a 37% drop in annual underlying profit on Tuesday, as subdued oil and gas prices offset higher sales and production. Less than three weeks since Woodside ended merger talks with smaller local player Santos amid major differences on...
By David Ljunggren OTTAWA (Reuters) -Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison. The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children from...
By Selena Li HONG KONG (Reuters) -Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments due to weakness in the local market and currency. The London-headquartered bank, in a statement to Reuters, cited \"commercial reasons\"...
A look at the day ahead in European and global markets from Tom Westbrook Stocks around the world have travelled great distances to record peaks in recent days, but turned sideways this week while investors and central bankers alike wait on inflation data that could alter the course for interest rates. Figures on the French...
By Paritosh Bansal (Reuters) - Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisis. The Standing...
By Ariba Shahid KARACHI (Reuters) - Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to \"adopt a more streamlined and agile structure\", acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters. The memo did not mention the number of people affected by the...