Liquidators of property developer China Evergrande on Thursday (Nov 28) presented a winding-up petition against unit Tianji Holding, a guarantor for certain offshore senior notes issued by Scenery Journey which is also a member of the group. “The Liquidators consider the winding-up petition against Tianji Holding to be in theContinue Reading
“SIGNIFICANT Ramifications” The team said the action had led to” major repercussions”, including “international project delays, financial marketplace impact and rapid examination from corporate partners, owners and the public”. That included Kenya, where President William Ruto announced that the Adani Group may no longer be involved in plans to expandContinue Reading
In order to conceal corruption from shareholders and creditors, Gautam Adani, his brother Nagar Adani, and past Adani Green Energy CEO Vneet Jaain, according to prosecutors, raised more than US$ 3 billion in loans and bonds. Adani Group stated on Thursday that it would request” all possible legal recourse” againstContinue Reading
In response to concerns that US President-elect Donald Trump’s policies could boost the dollar’s strength, Bank Indonesia will leave interest rates unchanged on Wednesday ( Nov 20 ). The central bank can concentrate on the rupiah, which has decreased by nearly 5 % from its peak in September, while inflationContinue Reading
Observers expressed concern about Trump’s proposed taxes, which he claimed would have a special focus on China, causing speculation about a new trade war between the economic powers. Beijing may have been interested in this, according to Pepperstone Group’s head of research, Chris Weston. Some people believe that China mayContinue Reading
On Wall Street, the S&, P 500 and Nasdaq rallied again to reach new information, helped by powerful performances by software titan Apple, Google family Alphabet and Facebook’s Meta. Asia took up the stick in early business, with Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington and Jakarta allContinue Reading
After the Fed’s interest rate cut, traders struggled to keep up with another Wall Street record while also weighing the future of another Trump administration, leading to a sharp decline in Asia’s markets ‘ rally on Friday ( Nov 8 ) as they weighed the outlook with another TrumpContinue Reading
KUALA LUMPUR: Malaysia’s central banks kept its benchmark interest rate unchanged on Wednesday ( Nov 6), in line with business objectives, amid a good economic growth perspective and stable inflation. Bank Negara Malaysia ( BNM) kept its overnight policy rate at 3.0 percent, which is where it has been sinceContinue Reading
JAKARTA: Indonesia’s gross domestic product in the third quarter increased 4.95 per cent from a year earlier, its slowest pace in a year, data from the statistics bureau showed on Tuesday ( Nov 5 ), as household consumption showed softer growth. Analysts polled by Reuters found that the third-quarter resultsContinue Reading
HANOI: Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian country’s government said late on Tuesday (Oct 29). The announcement came after a meeting between Prime Minister Pham Minh Chinh and Saudi Aramco’s chief executive officer Amin Al-Nasser inContinue Reading