Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to scale back development. from Bloomberg Markets https://ift.tt/rk83F0O
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
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
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
Japan’s central bank has scope to hike its benchmark rate to as high as 0.5% by the end of the year if economic conditions stay more or less on the same track, according to a former member of the Bank of Japan’s policy board. from Bloomberg Markets https://ift.tt/zpvZ1EL
Takako Masai, a former board member at the Bank of Japan and now chairperson of SBI Financial and Economic Research Institute, discusses her views on the central bank’s policy and the local currency. She speaks on “Bloomberg: Daybreak Australia.” (Excerpt of the full interview) (Source: Bloomberg) from Bloomberg Markets https://ift.tt/6gthXo8