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Vanke’s bondholders reject extension plan on 2 billion yuan of bonds, raising default risk

China Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing…

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New Business

BHP drops Anglo American bid again as rival rejects new proposal

BHP Group has walked away from a fresh takeover approach for Anglo American, ending an unexpected and short-lived attempt by…

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New Business

China’s Sany Heavy starts gauging investor interest for Hong Kong stock offering

China’s Sany Heavy Industry is starting to gauge investor interest in its Hong Kong listing, according to the deal’s terms…

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New Business

Tesla’s Elon Musk becomes first person to hit US$500 billion net worth, Forbes list shows

Tesla CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of US$500 billion, propelled…

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New Business

Trump’s US$100,000 H-1B visa threatens India’s US$280 billion IT services sector

Donald Trump’s sticker shock on H-1B visas risks disrupting Indian tech firms’ US projects, and is forcing Prime Minister Narendra…

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New Business

NWD says it has not received proposal from Cheng family on capital injection

New World Development (NWD) shares dropped on Tuesday after the property developer said it has not received a proposal from…

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New Business

New World’s Cheng family weighs capital injection in Hong Kong developer, sources say

New World Development’s controlling shareholder, the billionaire Cheng family, is considering injecting capital into the debt-laden Hong Kong developer as…

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New Business

Foreign ice cream is no longer cool in China. Here’s why that matters

For years, Feng Hui, an operations manager living in Guangzhou, made a tradition of taking her daughter Claire to celebrate…

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New Business

Apple aims to launch smart glasses in 2026 in push into AI devices to rival Meta, OpenAI

Apple is aiming to release smart glasses at the end of next year as part of a push into artificial…

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New Business

TSMC triples down on Arizona, begins construction on third US plant as tariffs loom

The world’s most advanced chipmaker announced the third phase of its US expansion the same day Commerce Secretary Howard Lutnick…

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