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Shimao slashes Hong Kong Sheraton hotel price by 25% to speed up restructuring

Defaulted mainland Chinese developer Shimao Group Holdings has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s…

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New Business

Builder Jinke Property reveals details of court-supervised debt restructuring plan

Chinese developer Jinke Property Group has revealed details of its court-supervised onshore debt restructuring programme to some of its creditors,…

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New Business

New World to keep focus on corporate strategy as stock slumps amid debt troubles

New World Development (NWD) said it will continue to focus on implementing its existing corporate strategy amid concerns about its…

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New Business

Global firms in China go local as trade, tech flare-ups threaten operations

Despite escalating efforts from the United States and its allies to clamp down on trade, international companies with an interest…

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New Business

Intel CEO Gelsinger forced out as chip giant falls behind Nvidia, TSMC

Intel chief executive Pat Gelsinger has been forced out less than four years after taking the helm of the company,…

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New Business

Dell, HP post disappointing quarterly sales as global PC market recovery stalls

Dell Technologies and HP reported quarterly financial results that suggest a long-awaited recovery of the personal computer (PC) market is…

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New Business

China’s factory activity remains in contraction amid weak economic momentum

A reading above 50 typically indicates an expansion of economic activity, whereas a reading below implies a contraction. “China’s economic…

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New Business

China’s yuan volatility rising on interest rates, US presidential election: Goldman

The volatility of the Chinese yuan’s exchange rate with the US dollar is set to rise in the near term…

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Tech

US telecoms firm Lumen sees shares nearly double on AI hype

Lumen Technologies shares surged as much as 93 per cent in post-market trading Tuesday, extending gains after notching a record…

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