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BEIJING: Sinic Holdings Group Co became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc will meet overdue interest payments on dollar bonds this week.
MUMBAI: India’s move to privatise flag carrier Air India Ltd (pic) in its first big-ticket sale in almost two decades promises to further boost the appeal of the nation’s booming equity market just when China is intensifying its crackdown on private firms.
HONG KONG: Asia has had its best third quarter on record for initial public offerings (IPOs), even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s sweeping regulatory clampdown.
LONDON: More disruption is looming in the global copper scrap market. This time it is Malaysia that is threatening to stop imports of lower-grade recyclable material.
PETALING JAYA: Numbers forecast operators (NFOs) saw their shares trade largely in the positive territory as reopening of their outlets yesterday spurred sentiment.
(BLOOMBERG) -- After a summer breather, the commodities the world relies on for construction, manufacturing and keeping the lights on are surging again.
But volatility remains in short term due to Covid-19 cases and external risks
HONG KONG: State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three people told Reuters, in a move that will loosen the Chinese fintech giant’s grip on a data treasure trove of over one billion users but help revive its initial public offering (IPO).