China’s Country Garden gets liquidation petition from creditor

China’s Country Garden gets liquidation petition from creditor

Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector. … Read more

Disney and Reliance to merge media businesses in India

Disney and Reliance to merge media businesses in India

Idrees Abbas | Lightrocket | Getty Images Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly-created Star India joint venture, valued at roughly $ 8.5 billion on a post-money basis, excluding … Read more

Hong Kong property stocks jump after city scraps cooling measures

Hong Kong property stocks jump after city scraps cooling measures

An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more

Why South Korea’s Japan-style measures to boost its stock market may not work

Why South Korea’s Japan-style measures to boost its stock market may not work

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s Japan-style measures for improving corporate governance may not be enough to boost its … Read more

Coldplay and Taylor Swift concerts to contribute to Singapore’s growth

Coldplay and Taylor Swift concerts to contribute to Singapore’s growth

Taylor Swift performing onstage in Nashville, Tennessee. John Shearer/tas23 | Getty Images Entertainment | Getty Images Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. “The Lion City has traditionally been more a magnet … Read more

Goldman Sachs, Abu Dhabi ink $1 billion investment partnership for Asia Pacific

Goldman Sachs, Abu Dhabi ink  billion investment partnership for Asia Pacific

An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, … Read more

Mauritius blocks Norwegian Cruise Line ship over cholera fears

Mauritius blocks Norwegian Cruise Line ship over cholera fears

The first cruise ship, ‘Norwegian Dawn’ to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. Finnbarr Webster | Getty Images News | Getty Images A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a … Read more

South Korea unveils measures to boost stock markets, tackle ‘Korea discount’

South Korea unveils measures to boost stock markets, tackle ‘Korea discount’

A man leads a bull during a ceremony celebrating the New Year’s opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Jung Yeon-je | Afp | Getty Images South Korea’s financial regulatory body unveiled measures to improve corporate governance on Monday, taking a leaf out of Japan’s … Read more

TSMC opens new plant in Japan as it diversifies away from Taiwan

TSMC opens new plant in Japan as it diversifies away from Taiwan

A general view shows the new semiconductor plant by Japan Advanced Semiconductor Manufacturing Company (JASM), a subsidiary of Taiwan’s chip giant TSMC (Taiwan Semiconductor Manufacturing Company), in Kikuyo of the Kikuchi district, Kumamoto prefecture on February 14, 2024. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images) Philip Fong | Afp … Read more

Electric air transport set to take off with air taxis, cargo deliveries

Electric air transport set to take off with air taxis, cargo deliveries

A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024.  Bloomberg | Bloomberg | Getty Images SINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were electric air transport vehicles — … Read more