Industrial profit rose in April, reversing a decline from the previous month, as Beijing’s stimulus measures started to kick in and foreign demand for Chinese products improved. https://www.wsj.com/articles/chinas-industrial-profit-rose-in-april-as-stimulus-measures-kicked-in-69e5a0b3
Haidi Stroud-Watts in Sydney and Annabelle Droulers in Singapore drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/3dlEJIw
A Hong Kong court adjourned to June 24 a hearing on a winding-up petition against Chinese developer Kaisa Group Holdings Ltd. on Monday, giving the struggling firm more time to work on a debt agreement. from Bloomberg Markets https://ift.tt/96MlfmT
Chinese Premier Li Qiang met Samsung Electronics Co. Executive Chairman Jay Y. Lee in Seoul on Sunday. The premier told Lee that China would always remain open to foreign enterprises and pledged to improve the business environment, according to the official Xinhua News Agency. (Source: CCTV) from Bloomberg Markets https://ift.tt/bt4yWcG
A group of minority holders of Great Eastern Holdings Ltd. are resisting the S$1.4 billion ($1 billion) takeover bid from Oversea-Chinese Banking Corp., opening a new front in a longstanding fight between shareholder activists and Singapore’s second-largest lender. from Bloomberg Markets https://ift.tt/eVLGjox
The land is still sliding and rescue is difficult, the head of the UN migration agency says. https://ift.tt/ctNJA7r May 26, 2024 at 06:24PM
Profits at China’s industrial companies rose in April as exports returned to growth in the same month, giving a boost to the economy. from Bloomberg Markets https://ift.tt/bZlIryW
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining, and Brazil aims to finalize crypto regulations this year. Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over…
Governor Kazuo Ueda says the Bank of Japan will move cautiously to anchor inflation expectations at 2%. He speaks at the BOJ’s annual international conference. (Excerpt) (Source: Bloomberg) from Bloomberg Markets https://ift.tt/Hm53EeN
The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49 billion takeover battle. But in China, the world’s biggest producer and consumer of the refined metal, there’s more than enough to go around. from Bloomberg Markets https://ift.tt/NIymkae