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US Federal Reserve’s Powell may defy Trump’s pressure and hold interest rates steady

Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady…

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US jobs growth likely slowed in April as economy braces for tariff impact, poll shows

US employment growth probably decelerated in April and the jobless rate held steady, illustrating healthy yet moderating labour demand entering…

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Country Garden’s 2024 loss narrows amid initial recovery signs in China’s property sector

Country Garden Holdings reported a narrower loss in 2024 as the defaulted property giant seeks to build creditor support for…

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80 global executives to gather in Beijing for key annual summit

A total of 80 top executives from global multinational companies are set to gather in Beijing to discuss a range…

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DeepSeek’s growth in China surges past ByteDance’s Doubao in AI app race

The chatbot app from artificial intelligence (AI) sensation DeepSeek has overtaken Doubao, the equivalent product from TikTok parent ByteDance, as…

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Hong Kong keeps base rate steady at 4.75% as monetary policy takes a breather after 3 cuts

Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the US Federal Reserve, taking a breather…

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Hong Kong developer New World claims ‘business as usual’ amid default rumours

Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development…

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Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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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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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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