Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure … Read more

Factories in developing Asia may have seen the worst of manufacturing slump

Factories in developing Asia may have seen the worst of manufacturing slump

A worker inside a bending and welding workshop for wind turbine towers at a CS Wind Corp. factory in Tan Thanh, Ba Ria-Vung Tau Province, Vietnam, on Wednesday, Feb. 15, 2023. Renewables will dominate the growth of the worlds electricity supply over the next three years, according to the International Energy Agency, as countries race to get … Read more

Nirmala Sitharaman on economy, investments

Nirmala Sitharaman on economy, investments

India’s Finance Minister Nirmala Sitharaman along with her staff poses for pictures as she leaves the Finance Ministry Office to present the annual budget in parliament in New Delhi on February 1, 2024. Sajjad Hussain | Afp | Getty Images India’s finance minister, Nirmala Sitharaman, said on Thursday the country’s fiscal deficit for financial year … Read more

China’s factory activity expanded in January, diverging from official data

China’s factory activity expanded in January, diverging from official data

Several bills, each with a value of 100 Chinese renminbi, lie on a table. Johannes Neudecker | Picture Alliance | Getty Images China’s factory activity expanded for a third-straight month in January, a private-sector survey showed on Thursday, helped by the first expansion in new export orders in seven months. Thursday’s print though, extended a … Read more

IMF ups emerging Asia growth forecast, warns of China property risks but says India is a bright spot

IMF ups emerging Asia growth forecast, warns of China property risks but says India is a bright spot

Pedestrians walk past a Caixin Weekly magazine, published by Caixin Media Co., on display at a news stand in Beijing, China, on Sunday, March 6, 2016. Qilai Shen | Bloomberg | Getty Images The International Monetary Fund revised up its growth forecast for developing Asia economies in 2024 as it remained optimistic on India, but … Read more

China comes just shy of Japan as the world’s largest car exporter

China comes just shy of Japan as the world’s largest car exporter

LIANYUNGANG, CHINA – JANUARY 17, 2024 – A large number of cars are ready to be shipped for export at the port of Lianyungang, Jiangsu province, China, January 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images BEIJING — China failed to replace Japan as … Read more

Evergrande’s liquidation crisis won’t be Lehman moment: China Beige Book

Evergrande’s liquidation crisis won’t be Lehman moment: China Beige Book

China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be … Read more

India’s interim budget falls on Feb. 1. Here’s what to expect

India’s interim budget falls on Feb. 1. Here’s what to expect

Parliament building in New Delhi, India. Vipin Kumar | Hindustan Times | Getty Images India is set to release its interim budget for 2024 on Thursday, ahead of the country’s highly anticipated general elections. Finance Minister Nirmala Sitharaman will be presenting the pre-election budget for the fiscal year which runs from April 1, 2024 to … Read more

Evergrande’s liquidation crisis won’t be China’s Lehman moment: Leland

Evergrande’s liquidation crisis won’t be Lehman moment: China Beige Book

China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be … Read more

Manufacturing activity shrank for 4th straight month in January

Manufacturing activity shrank for 4th straight month in January

Banknotes of Renminbi arranged for photography on July 03 2018 in Hong Kong, Hong Kong. S3studio | Getty Images News | Getty Images China’s factory activity contracted for a fourth consecutive month in January, underscoring the much-needed litany of policy support for the world’s second-largest economy which Beijing announced last week. The official manufacturing purchasing … Read more